and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage … bargaining and wage posting by firms. We use the framework to study the influence of alternative labor market institutions and … policies on wages and unemployment. …

Theoretical predictions of the impact of TFP growth on unemployment are ambiguous, and depend on the extent to which … creative destruction effects by estimating the impact of TFP growth on unemployment in a panel of industrial countries. We find …-state dynamics of unemployment. Capitalization effects explain some of the estimated impact but a part remains unexplained. …

2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …

This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the United … change increases skilled wages, reduces unskilled wages and increases the unemployment rate of both skilled and unskilled …

of different job search methods, conditional unemployment benefit hikes can improve welfare when individuals are risk …

This Paper derives optimal employment contracts when workers are risk-averse and there are employment and unemployment … risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment … dismissals are optimal if exogenous unemployment compensation is sufficiently generous. …

In this paper we study the contribution of inflows and outflows to the dynamics of unemployment in three European …