Mukoyama, Toshihiko (contributor); … - 2004 - [Elektronische Ressource]
"This paper examines the causes of the observed increase in the average duration of unemployment over the past thirty … institutional changes can only partially account for the longer duration of unemployment. We construct a job search model and … calibrate it to U.S. data. The results indicate that more than 70 percent of the increase in the duration of unemployment over …
