. Young workers, on average asset poor, face larger labor-market uncertainty because of high unemployment risk and imperfect …-cycle model with age-dependent unemployment risk and gradual learning about the income profile that can address all three puzzles … knowledge about their earnings ability. This labor-market uncertainty prevents them from taking too much risk in the financial …

I specify a simple search and matching model of the labor market and estimate it on unemployment and vacancy data for … that the main driver of fluctuations in the labor market are productivity shocks, with cyclical movements in the separation … order to replicate the volatility of unemployment and vacancies the model estimates require a high replacement ratio and a …

We construct a simple general equilibrium model of unemployment and calibrate it to the Canadian economy. Job creation …-run increase in the Canadian unemployment rate: a more generous unemployment insurance system, higher layoff costs, higher … on the unemployment rate is small …

We estimate trends in the labor force participation (LFP) and unemployment rates for demographic groups differentiated … group trends, we construct trends for the aggregate LFP and unemployment rate. Important drivers of the aggregate LFP rate … population becoming more important since 2000, and changes of groups' trend LFP rates, e.g., for women prior to 2000. The …

unemployment exit rates for the U.S. labor market. We construct a simple model of heterogeneous unemployment with short-term and …Shimer (2012) accounts for the volatility of unemployment based on a model of homogeneous unemployment. Using data on … short-term unemployment he finds that most of unemployment volatility is accounted for by variations in the exit rate from …

We develop a business cycle model with search and matching frictions in the labor market and show that on …. In our calibration, this allows the model to generate fluctuations of unemployment, vacancies, and job-to-job transitions …

Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small … obtained in closed form as a function of observable variables (i.e., interest rate, value of leisure, and statistics of labor …

We examine how technological change affects wage inequality and unemployment in a calibrated model of matching … frictions in the labor market. We distinguish between two polar cases studied in the literature: a "creative destruction … that, in the model calibrated to the U.S. economy, both unemployment and vacancy durations are very short, i.e., the …

nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially … across LFS histories: they are 25-30% among those currently out of the labor force (OLF) with recent employment, 10% among …