The Mortensen-Pissarides model with unemployment benefits and taxes has been able to account for the variation in … unemployment rates across countries but does not explain why geographical mobility is very low in some countries (on average, three … times lower in Europe than in the U.S.). We build a model in which both unemployment and mobility rates are endogenous. Our …

of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages … when they lose a job. Thirdly, unemployment income has little effects on employment, since it attracts people into the …This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration … of jobs) favors specific human capital investments. This conjecture provides, among other things, a rationale for …-states has especially strong adverse effects. Jobs endogenously last longer in Europe than in the US, but when they are destroyed …

Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment …, contributed to an employment shortfall equivalent to 40 percent of the missing employment decline in the recession. Another 20 … traditional government-sponsored short-time work. -- unemployment ; Germany ; Great Recession ; short time work ; working time …

Employment protection (EPL) has a well known negative impact on labor flows as well as an ambiguous but often negative … effect on employment. In contrast, its impact on capital accumulation and capital-labor ratio is less well understood. The …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

We create a dataset of 14,000 hand-coded help-wanted advertisements placed by employment agencies in three U … hand, female-owned agencies had a greater propensity to match male jobseekers to clerical jobs, contributing to 21% lower …

An influential strand of research has tested for the effects of immigration on natives' wages and employment using …