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 …

We extend the Diamond-Mortensen-Pissarides model of equilibrium unemployment to incorporate public-sector employment … unemployment rate, on the division of employment between the private and public sectors, and on the distributions of wages in the …

theory, which has so far focused on labor market frictions in general and not specifically on information asymmetries. Using … unemployment rate and the actual unemployment rate in the country, which is a meaningful indicator of their misperception of labor … model includes: controls for the worker's ability; country-specific fixed effects; the unemployment rate in the region of …

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

that households with a participating wife are better able to deal with unemployment of the husband. A supplementary … sensitive to his own unemployment income if the wife is nonparticipating. This implies that unemployment benefits have a …

This paper examines the age-related design of firing taxes by extending the theory of job creation and job destruction … matching process, we find that the first best age-dynamic of firing taxes and hiring subsidies is typically hump-shaped. Taking … into account distortions related to unemployment benefits and bargaining power shows the robustness of this result, in …

We study active labor market policies (ALMP) in a matching model. ALMPs are modelled as a subsidy to job search …

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …

the empirical literature estimating the matching function, commonly used to map unemployment and vacancies into hires …. First, we show how to non-parametrically identify the matching function. Second, we estimate the matching function allowing … for unobserved matching efficacy, without imposing the usual independence assumption between matching efficiency and …