There is little internal propagation of unemployment in standard search and matching models. When calibrated to the … high levels of worker flows observed empirically, unemployment in these models rapidly converges back to its steady state … level. We illustrate that even with high worker flows between employment and unemployment, slow movements in the composition …

unemployment fluctuations. Our main findings are as follows: i) around 85% the employment–unemployment gross flows involve … unemployment rate; iii) almost 80% of the unemployment rate volatility – explained by movements between unemployment and employment … to understanding the unemployment volatility and the functioning of the Spanish labor market. …

unemployment, and individual and time fixed effects. I find that workers on temporary jobs indeed search harder than those on …