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 …

firms can explain the relatively high level of unemployment amongstlower educated workers and the relatively strong … level of education can notexplain the stronger cyclicality of the unemployment rate for lower educatedworkers. We conclude …

, sector division, unemployment and welfare. …

-Mortensen-Pissarides model, followed by recalibration, does not change aggregate dynamics of unemployment and vacancies. This invariance result …

-employment to analyze the implications of introducing universal unemployment protection for informal workers through transfers …, which are conditional on participation in training programs. We study how changes in unemployment benefits (UB) for … increasing training UB reduces unprotected unemployment and improves labor market outcomes through higher formal salaried …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …