events, tend to return to some baseline level of well-being? Although the strongest life satisfaction effect is often at the … marriage, divorce, widowhood, birth of child, and layoff. However, there is little evidence of adaptation to unemployment. Men … are somewhat more affected by labour market events (unemployment and layoffs) than are women, but in general the patterns …

We look for evidence of adaptation in wellbeing to major life events using eighteen waves of British panel data …. Adaptation to marriage, divorce, birth of child and widowhood appears to be rapid and complete; this is not so for unemployment … satisfaction as the wellbeing measure are very close to those using a twelve-item scale of psychological functioning. As such, the …

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

Reduced- form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …

higher post-unemployment wages but not faster matches, so aggregate matching functions are unaffected by scale. …Reduced-form tests of scale effects in markets with search, based on aggregate matching functions, may miss important …

Average unemployment in Europe today is relatively high compared with OECD countries outside Europe. The majority of … countries in Europe today have lower unemployment than any OECD country outside Europe, including the US. These two fa cts are …), have very high unemployment and most of the rest have comparatively low unemployment. This variability is highly …

matching model in an economy with embodied technological progress and show that its dynamics are profoundly affected by … allowing on-the-job search. We obtain that the elasticity of unemployment with respect to growth shrinks from 1.63 to 0 … search process than the unemployed. Thus, we show that, rather than contributing to unemployment, creative destruction …

underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows … from it, generated by matching. …

We study the response of domestic unemployment rates to shocks in total factor productivity for economies with high … by developed nations in the last twenty years, substantially amplify the impact on the domestic unemployment rate of …

procyclical unemployment and a positively-sloped Beveridge curve. This paper presents a calibrated model which does indeed … generate countercyclical unemployment and a negatively-sloped Beveridge curve despite the presence of a participation margin. …