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

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

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

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 …

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private … unemployment. …

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … with reference to the design of optimal unemployment insurance programs. …

This paper compares models used to explain OECD unemployment. The models suggest that the “natural rate of unemployment …