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

The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding …

/Mortensen/Pissarides matching framework works beautifully once the free entry of vacancies assumption is replaced by a model of business start …

theories on the data. As implementing this test requires information on the inflow of new vacancies over time, this Paper uses …, around 87% of newly laid-off workers are on the long-side of their markets and so match with the flow of new vacancies as … those vacancies come onto the market. In particular, these workers’ experience average durations of unemployment which …

account for observed volatility in unemployment and vacancies. Following a suggestion by Hall, [4] [5], building on work by …