This paper provides a simple matching model in which unemployed workers and employers in large firms can be matched … increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …

necessary induce stickiness in unemployment dynamics. Our endogenous matching technology shows that the effects of networks on …We provide a matching model where identical workers are embedded in ex- ante identical social networks. Job arrival … distribution of unemployment rates across networks. We emphasize that wage dispersion arises endogenously as the consequence of the …

Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It … declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that … money has nothing to do with traded output, but everything to do with storing value. But now a new trade theory takes over …

, unemployment exhibits persistence in the sense of duration dependence: the probability of obtaining a job decreases in the length …

both the vacancy- unemployment ratio and employment. We show that the standard version of the Mortensen-Pissarides matching … the matching model with sunk costs, vacancies react sluggishly to shocks, leading to highly realistic dynamics. …

The framework of a general equilibrium heterogeneous agent model is used to study the optimal design of an unemployment … insurance (UI) scheme and the voting behaviour on unemployment policy reforms. In a first step, the optimal defined benefit and …

I investigate to what degree differences in retraining opportunities are responsible for the divergence of unemployment … becomes more difficult to find suitable retraining programs, enrollment rates, productivity and the unemployment rate decline …), I find that the generosity of unemployment benefits, the main driving force in their model, is not an important …

This paper analyzes the effect of co-worker discrimination on wage and unemployment differentials between males and … unemployment but results in losses to females in terms of lower wages and higher unemployment. The benefit to males provides an …