decreasing in the substitutability of worker types. This cost of search is then decomposed into three components: unemployment … workers being more choosy. The resulting equilibrium is not efficient. Unemployment benefits can reduce the loss by serving as …

. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …

In The Netherlands, as in many countries: unemployment rates of lower educated workers are higher and more cyclical … than unemployment rates of higher educated workers. In this paper we test whether this is caused by the fact that more …

-off policy of firms can explain the relatively high level of unemployment amongst lower educated workers and the relatively … strong sensitivity of their unemployment rate to the business cycle. We find that lay-off rates decrease with education but … with a higher level of education can not explain the stronger cyclicality of the unemployment rate for lower educated …

In The Netherlands, as in many countries: unemployment rates of lower educated workers are higher and more cyclical … than unemployment rates of higher educated workers. In this paper we test whether this is caused by the fact that more …