increases job-finding in the private sector by 10 percentage points within one year of unemployment. Six years later, high …

According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when … unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high … unemployment makes it easier to fill vacancies. Instead, there are few vacancies when unemployment is high because there is a low …

Recruitment behavior is important for the matching process in the labor market. Using unique linked survey … points to an important role of hiring standards for matching efficiency and for the impact of labor market policy, whereas …

discounting, or myopia: they discount variables far into the future at higher rates than typically implied in the benchmark model … minimal estimated degrees of myopia. The results indicate that the empirical evidence for cognitive discounting may be …

unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …

This paper shows that the matching function and the Beveridge curve in the United States exhibit strong nonlinearities … over the business cycle. These patterns can be replicated by enhancing a search and matching model with idiosyncratic … density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

We introduce a preference for wealth into the standard search and matching model to analyze the labor market when there … economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … addition to the job creation channel of the standard matching model. Turning to the stagnation equilibrium, the effects of …

sluggish. Job creation and job destruction are negatively correlated. And the volatility of unemployment is much larger than in … the standard search and matching model. …

This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms’ financial … conditions, and, in turn, firms’ financial conditions feedback again to the real economy. The unemployment accelerator builds on … in labor and financial markets. We provide compelling micro-evidence of the unemployment accelerator: a 10% increase in a …