with different equilibria descriptive of the labor markets in Spain and France, where the unemployment rates went from the … unemployment rate in Spain has jumped to much higher levels while switching between equilibria or, what is the same, because of …

have high rates of unemployment relative to wage employment, and that self-employment is particularly high where the … unemployment-wage employment ratio is high. I interpret high unemployment-employment ratios as evidence of labor market frictions … labor market frictions can explain almost the entire variation in not only unemployment, but also wage employment and self …

unemployment relative to wage employment, and that self-employment increases with this ratio. To understand the sources of these … matches, and calibrate it to match all transition rates between wage employment, unemployment and self-employment as well as … that labor market frictions affect self-employment as much as unemployment. Labor market frictions also reduce aggregate …

unemployment decreases upon offshoring in the presence of perfect intersectoral labor mobility. If, as a result, labor moves to the … sector with the lower (or equal) vacancy costs, there is an unambiguous decrease in economywide unemployment. With imperfect … intersectoral labor mobility, unemployment in the offshoring sector can rise, with an unambiguous unemployment reduction in the non …

In this paper, in order to study the impact of offshoring on sectoral and economywide rates of unemployment, we … construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by … search frictions. We find that, contrary to general perception, wage increases and sectoral unemployment decreases due to …

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and …This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

share of the overall cost of displacement. However, and despite the positive correlation between premium and productivity in … the cross-section of firms, we find that workers are reemployed by high productivity, low labor share firms. The observed … reallocation is therefore productivity-enhancing, yet costly for workers. We show that destination firms are less likely to …

market sorting, and aggregate shocks. In response to a positive productivity shock, incentives to sort increase … disproportionately. Firms respond by posting additional vacancies, and the strength of the response is increasing in firm productivity …. The distribution of unemployment worker types adjusts slowly, which amplifies job creation in the short run. In the long …

for earnings mobility and growth; for the majority, however, selfemployment remains constrained to low-productivity … labor away from these low-productivity activities into higher value added sectors. …