In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …

unemployment at large firms are generally found to be more cyclical. However, this stylised fact disappears when the composition of …

and flows via non-participation. Close to two-thirds of the volatility of unemployment in the UK over this period can be …Unemployment varies substantially over time and across subgroups of the labour market. Worker flows among labour market … states act as key determinants of this. We examine how the structure of unemployment across groups and its cyclical movements …

stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …

By conventional statistics, youth unemployment seems to be quite moderate in Korea: ‘only’ 9.6 percent of the ‘active …’ youth labour force was unemployed compared to 21.4 percent in EU-27 in 2011. Germany, with a youth unemployment rate of 8 … the perspective of intergenerational risk sharing Korea’s youth unemployment rate is 4.6 times higher than the …

unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …