This paper examines the labour market matching process by distinguishing its two component stages: the contact stage … account for important empirical regularities that the conventional matching model cannot. …

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

wages and the local unemployment rate - within a number of occupations. It exploits the Bank of Italy's Household Survey and …

relative wage of the skilled. Increasing unemployment results only for a restrictive assumption about labor market rigidities. …

productivity of the staff. Wages that optimize on the trade-off between the wage level and the productivity of the workforce are … known as selection wages. As men react more strongly to wage differ¬entials than females, the trade-off is more pronounced …

proximate causes have been reversed (e.g., after wages in the high-unemployment regions have fallen relative to those in the low-unemployment …This paper addresses the question of why prolonged regional unemployment differentials tend to persist even after their … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

replicate these findings in a search model, it must be that wages are rigid in ongoing jobs but flexible at the start of new …Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired …

-setting framework relies on the assumption that wages tend to decline with the unemployment rate, albeit imperfectly. This enables us to … percent increase in the German labor force through immigration increases the unemployment rate by less than 0.1 percentage … points and reduces wages by 0.1 percent …

economies. Based on the neoclassical tradition, the ratio of the marginal product of labor to real wages is generally defined as … manufacturing sector in OECD economies and investigate its relation to the unemployment rate along with other variables such as … and significantly positive response to shocks to the unemployment rate and negative response to shocks to unionization. …

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …