, it delivers an expression for the employment rate and as side-products, a measure of the unemployment rate and the size … of the labor force. Second, it rationalizes several empirical works on the definition of unemployment in labor force …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

The Mortensen-Pissarides model with unemployment benefits and taxes has been able to account for the variation in … unemployment rates across countries but does not explain why geographical mobility is very low in some countries (on average, three … times lower in Europe than in the U.S.). We build a model in which both unemployment and mobility rates are endogenous. Our …