negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …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 …

unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … prospects interacts with aggregate conditions to drive fluctuations of aggregate unemployment and its duration distribution. …

to avoid elevated unemployment rates during the transition. …

According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when … 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 …

A key question in labor market research is how the unemployment insurance system affects unemployment rates and labor … 76% of declining unemployment after the reform, a fact unexplained by existing research focusing on job finding rates … causally link our empirical findings to the reduction in longterm unemployment benefits using a heterogeneous-agent labor …

provides a theory of job-to-job transitions that are associated with voluntary or involuntary mobility and with wage rises or …

workers finding jobs expands. On net, unemployment rises only because even more workers lose their jobs. We propose a theory …In recessions, unemployment increases despite the - perhaps counterintuitive - fact that the number of unemployed … of unemployment fluctuations resting on this countercyclicality of gross flows from unemployment into employment. In …