Labour market frictions are not the only possible source of high unemployment. Credit market imperfections, driven by … determination of equilibrium unemployment in the presence of credit market frictions both with exogenous and endogenous wages. We …

increased the unemployment rate, decreased hours of work and labor force participation and had no significant impacts on wages …

-analysis plan, we investigate the negative impact of the pandemic on unemployment, labour force participation, hours and wages in …

employment and wages in the United States. Guided by a pre-analysis plan, we document that COVID-19 increased the unemployment … their labor market outcomes affected, while workers working in proximity to coworkers are more affected. The unemployment …, these policies increased unemployment by nearly 4 percentage points, but reduced COVID-19 cases by 186,600-311,000, and …

others suffer long periods of costly adjustment, typically high and persistent unemployment and temporary output losses. We … initial education, and analyze the transition to a new steady-state after a sectoral demand shift. In the absence of mobility … increased flexibility, Estonia, we document our main claim, namely that specialized education reduces workers' mobility and …

, unemployment and capital accumulation. First, we recover the partial equilibrium over-employment phenomenon put to the fore by …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration … differences in labour mobility and reallocation costs, which are typically ignored in American ‘International Trade’ textbooks yet … implications are then derived: on one hand, mobility costs are high in Europe and transitions between steady-states has especially …