We show that in a Ricardo-Viner-type trade model with unemployment due to search and matching the productivity effect …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …

downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …

probability of leaving unemployment? The experiment indicates that a relatively large fraction (one third) of the referrals do not …, especially among young people. However, we find no significant impact on the duration of unemployment …

changes. While employment and welfare increase in most countries, some experience higher unemployment and lower welfare. Labor …