rates are consistent with weakly increasing returns in matching. The resulting equilibrium is not efficient. Unemployment …

The economic crisis in the early 1990s brought about a dramatic increase in unemployment and a similar decrease in … labor force participation. Unemployment declined afterwards, but stabilized at around 6–7%—more than twice as high as before … the crisis. Today, the unemployment rate is lower than the EU average, though Sweden no longer stands out in this respect …

. 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 …

unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high … unemployment makes it easier to fill vacancies. Instead, there are few vacancies when unemployment is high because there is a low … cyclical behaviour of stocks and flows in the labour market also without search frictions. In periods of high unemployment …