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 … demand and supply shocks are opposite to those of the standard case and result in a co-movement of unemployment and …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

What are the pro-competitive consequences of trade in frictional labor markets? This paper develops and estimates a … and frictions in labor markets has important implications for aggregate as well as distributional consequences of trade …. In particular, I show that once markups are allowed to respond to trade liberalization, unemployment and residual wage …

This paper presents the first longitudinal estimates of the effect of work-related training on labor market outcomes in … Switzerland. Using a novel dataset that links official census data on adult education to longitudinal register data on labor … risk of unemployment two years after the treatment. However, the effects are heterogeneous as to gender, age, education …

outsourcing cost, profit sharing and equilibrium unemployment, when profit sharing is also a part of the compensation schemes in … wage effect. For equilibrium unemployment the effects of outsourcing cost and profit sharing are ambiguous both in case of … the absence or presence of outsourcing and in this case lower outsourcing cost will decrease unemployment. -- Flexible …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …