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

business cycle model with search and matching frictions. We extend the canonical model by including capital … types. We first find that, the model does a good job at matching the cyclical properties of sectoral employment and the wage …

all their candidates) only wage mechanisms that allow for ex post Bertrand competition generate the maximum matching on a …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous …. Empirically, using the 1986-2008 SIPP panels, we document the occupational mobility patterns of the unemployed, finding notably … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a …

. 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 …

We examine the matching process using monthly panel data for local labour markets in Sweden. We find that an increase … that high unemployment makes it easier to fill vacancies; hiring appears to be determined by labour demand while frictions …

interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market … performance. Our analysis has two special features. First, apart from the two labour market states – employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in …