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. …

that the very low unemployment in Europe in the 1960s was due to the high productivity growth associated with technological …I examine the dynamic evolutions of unemployment, hours of work and the service share since the war in the United … States and Europe. The theoretical model brings together all three and emphasizes technological growth. Computations show …

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. …

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 …

. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

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 …

the ease with which individuals can move between employment, unemployment and inactivity over time. The results suggest … countries. Nonetheless, transitions from unemployment and inactivity back into the labour market are relatively weak in the euro … remaining in unemployment over two consecutive periods decreased in Sweden, the euro area, and,to a lesser extent, Denmark …

inflation is low. Despite the substantial numbers of individuals whose nominal wages fall from one year to the next, we find … that if long-run inflation is one percent higher, the number of individuals with negative real pay growth increases by …

States, Japan and Europe and find that TFP growth increases employment. For the United States TFP growth explains the trend … change in unemployment. We evaluate the model and find that creative destruction plays no part in aggregate unemployment … dynamics. The model can explain up to half of the estimated impact of growth on unemployment. …