unemployment and a positively-sloped Beveridge curve. This paper presents a calibrated model which succeeds at generating … countercyclical unemployment and a negatively-sloped Beveridge curve despite the presence of a participation margin. …

I examine the dynamic evolutions of unemployment, hours of work and the service share since the war in the United … that the very low unemployment in Europe in the 1960s was due to the high productivity growth associated with technological …

estimates a simple model to capture the effects of technology, globalization, institutions and product demand effects on the … attenuate the polarizing impact of routinization and that differences or changes in wage-setting institutions play little role …

numerical values for equilibrium unemployment and wage dispersion. The theory makes the novel prediction that wage dispersion is …

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 …

paper were to be implemented, the average unemployment rate in the United States would fall from 5.7 to 4.7 percent. Also … and realistic responses of unemployment to changes in UI benefits. (Copyright: Elsevier) …

This paper illustrates why fiscal policy becomes more effective as unemployment rises in recessions. The theory is … based on the equilibrium unemployment model of Michaillat (forthcoming), in which jobs are rationed in recessions. Fiscal …; therefore fiscal policy reduces unemployment effectively. Formally the fiscal multiplier—the reduction in unemployment rate …