Bertinelli, Luisito; Cardi, Olivier; Sen, Partha - HAL - 2011
of increased product market competition. Unlike most macroeconomic models of search, we endogenize the labor supply along … decline in the unemployment rate can be attributed to the increase in the labor force, while the number of job seekers remains …, which lowers the markup by 3 percentage points, results in a fall in the unemployment rate by 0.1 and 0.05 percentage point …