Unemployment inflows fell from 4 percent of employment per month in the early 1980s to 2 percent or less by the mid … parameter in search and matching models of unemployment. According to these models, a lower intensity of idiosyncratic shocks … produces less job destruction, fewer workers flowing through the unemployment pool and less frictional unemployment. To …

This paper studies hours, employment, vacancies and unemployment at micro and macro levels. It is built around a set of … facts concerning the variability of unemployment and vacancies in the aggregate and, at the establishment level, the …