The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding …. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

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

in regional mismatch. This implies that the Beveridge curve is a flawed device for separating the effects of structural …

most of the key variables, the negative co-variation of unemployment and vacancies, and the behaviour of the worker job …

-09 financial crisis was one of the most severe in the world. Using both decomposition of the unemployment rate into structural and …In terms of output decline and increase in unemployment, the economic recession in Latvia that started during the 2008 … cyclical components and Mortensen and Pissarides’ search and matching approach, we demonstrate that the changes in unemployment …

accepted as superior to all others. Instead, an aggregate matching function with hires as a function of vacancies and … unemployment has been successfully estimated for several countries. The Cobb-Douglas restrictions with constant returns to scale …

may have increased unemployment, and shows that this is likely to occur if technological change is associated with an …

spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment … equilibrium coexisting with a high-quits/low-unemployment equilibrium. Under weak conditions, low-unemployment equilibria Pareto … dominate high-unemployment equilibria. Mobility premia improve aggregate welfare but may increase unemployment. …