The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding … 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 …

more dynamic. This paper studies the implications of such reforms for the duration distribution of unemployment, with … particular emphasis on the changes in the duration dependence. I estimate a parametric duration model using cross-sectional data … drawn from the Spanish Labor Force Survey from 1980 to 1994 to analyze the chances of leaving unemployment before and after …

, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …

most of the key variables, as well as the negative co-variation of unemployment and vacancies. It offers a workable …Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool …

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 …

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … depending statistically on the inflow of new vacancies and not on the vacancy stock. Having failed to match with existing … vacancies, these workers wait for the arrival of new job vacancies. The results have important policy implications, particularly …

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 …This paper is about the labour market consequences of creative destruction with on-the-job search. We consider a …

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 … duration of the responses and raise the variability of employment. Capital flows increase the riskiness of labour income and …

This paper considers a real business cycle model with search frictions in the labor market and labor supply which is … 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. …