composition of the labor force, between-groups wage inequality and the level of unemployment. The main result is that a labor … labor force, there is higher unemployment among low-experience workers, they do not accumulate enough on-the-job human …

. We show that ERTEs stabilize unemployment rates by allowing workers to remain with their employers in highly affected …

We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the … interaction between land and labor markets, and decompose the equilibrium unemployment rate into two parts: a pure non-spatial one …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

labor market institutions may sometimes favor physical and human capital investments in second-best environments. …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …