. 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 …

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 …

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 …

How are wages set in an open economy? What role is played by demand pressure, international competition, and structural … factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the evolution of real wages … equation on data for aggregate manufacturing wages in Denmark, Finland, Norway, and Sweden from the mid 1960s to the mid 1990s …

When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other …

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 …