. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion for the US is consistent with an unemployment rate of 4 …

In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original … focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration …, compositional effects and duration dependence of the exit rate out of unemployment have been investigated. Unlike the partial …

The negative relationship between the unemployment rate and the job openings rate, known as the Beveridge curve, has … openings, the U.S. unemployment rate has not declined in line with the Beveridge curve. We decompose the recent deviation from …

Recent research has shown that the standard labor market matching model fails to match the dynamics of US data. In … propagated and the standard matching model performs much better. …

matching rate in the high-productivity sector can then be realized with fewer applications (and consequently fewer coordination …

rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has … been influenced by specific exogenous shocks, the effects of entrepreneurship on unemployment are not different when …