and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage …This paper surveys recent work in equilibrium models of labor markets characterized by search and recruitment frictions … policies on wages and unemployment. …

The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding … underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

This paper examines the relation between individual unemployment durations and incidence on the one hand, and the time … aggregate unemployment duration data, in which we allow for unobserved heterogeneity and correlated measurement errors. We do … currently unemployed. We also allow for the composition of the inflow into unemployment to depend on calendar time at the moment …

We propose a new econometric estimation method for analysing the probability of leaving un-employment using uncompleted … unemployment between the 1980s and 1990s during a period of labour market reform. We find that the relative probability of leaving … unemployment of the short-term unemployed versus the long-term unemployed becomes significantly higher in the 1990s. …

exposed to an endogeneity bias, which arises from the search behavior of agents on either side of the market. We offer an …

We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity …. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies …

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 …

mandated unemployment insurance (UI) and employment protection (EP). To illuminate the forces in these models, we study how UI … who suffer involuntary layoffs. Matching and search-island models have labour market frictions and incomplete markets. The … higher layoff taxes suppress frictional unemployment in less turbulent times, prevails in the models with labour market …

calibrating a life cycle model with unemployment risk and endogenous search effort, we find that allowing unemployment replacement …We argue that US welfare would rise if unemployment insurance were increased for younger and decreased for older … workers. This is because the young tend to lack the means to smooth consumption during unemployment and want jobs to …