. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …

worker type) can no longer signal this by posting higher wages. Specifically, we consider a search model with two sided …

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 …

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

unemployment and its underlying duration distribution. We develop an analytically and computationally tractable stochastic … equilibrium model with heterogenous labor markets. In this model three different types of unemployment arise: search, rest and … reallocation unemployment. We document new evidence on unemployed workers’ gross occupational mobility and use it to calibrate the …

It has been noted that the search and matching model cannot account for the observed unemployment fluctuations. Gertler … (2009) disagrees with this modification, arguing that new hires' wages are not sticky. We argue that there is heterogeneity … in wage setting: while some wages are sticky, the others are not. We generalise the model to account for this …

manufacturing. Earnings losses are larger for individuals with low initial wages, low initial tenure, and low attachment to the …

unemployment is a non-monotonic function of the minimum wage level. Effects differ strongly by labour market segment. Cross …

that high unemployment makes it easier to fill vacancies; hiring appears to be determined by labour demand while frictions … in the number of vacancies has a weak effect on the number of unemployed workers being hired: unemployed workers appear … to be unable to compete for many available jobs. Vacancies are filled quickly and there is no (or only weak) evidence …