We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … free entry long lived vacancies and endogenous separations give rise to a vacancy depletion channel which we identify via … joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This … model, unemployment benefits affect households' behavior directly, without having to run via the bargained wage. A … effect of benefits on unemployment. Our analysis shows the importance of investigating the effects of policies on the …

the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …

Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to … expectations about inflation and future growth. Migration plays a significant role to balance wages across regions and countries …

wages of low-skilled workers and a falling unemployment rate and rising wages of high-skilled workers. In a cali- bration to … increases the labor market tightness in the high-skilled labor market. This leads to a rising unemployment rate and falling …

The present research provides evidence on the determinants driving the differences in the unemployment …

Using newly digitized unemployment insurance claims data we construct a historical monthly unemployment series for U …-level unemployment data, which are only available from January 1976 onwards, and capture consistent patterns in the business cycle. We … use our claims-based unemployment series to examine the evolving pace of post-war unemployment recoveries at the state …

EWE is a consequence of one of the most important labor institutions: the unemployment benefit (UB). We develop a model …