of labor market reform on unemployment, growth, and welfare. The model has a large number of risk-averse households who … can invest in risk-free physical capital and risky human capital. Unemployed households receive unemployment benefits and … employment effects: the equilibrium unemployment rate has been reduced by approximately 1.1 percentage points from 7.5 to 6 …

employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …

This study documents how job seekers update perceived job-finding prospects by unemployment duration and by learning … about aggregate unemployment. We find that job seekers perceive an 18% decline in their job-finding probability for each … additional month of unemployment, but perceive a higher job-finding probability when the aggregate unemployment rate is …

, that frictions (sand-in-the-wheels) may decrease unemployment and that the equilibrium is determined by two simple …

I extend the model-based literature on spillover effects of labour market reforms on foreign (un-)employment by …

Reducing institutional rigidities in product and labour markets is key to lowering unemployment. The impact of such … changes in employment protection and the unemployment benefit system the impact on unemployment is mixed across countries …