may be out of its unemployment equilibrium for quite a long time after a shock occurs.The novelty of the model is that it … increase in the pace of job creation and destruction may have substantial effects on employment and unemployment;the effects … takes explicitly account of the propagationof shocks through the various duration classes of unemployment andallows for …

pattern of searchunemployment does not match observed unemployment and we propose a new conceptof 'voluntary' unemployment …

causal relationship from homeownership to unemployment. The literature confirms a decreasing effect of homeownership on … geographical mobility of workers, but does not in general confirm that homeowners have longer unemployment spells or higher … unemployment rates. Even though this finding is related to heterogeneity in the labour force and associated selectivity effects …

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 …