employs the same or another worker, the vacancy rate increases and the unemployment rate declines. However, the scheme …

of the unemployment-vacancies relationship (the Beveridge curve). We show that the direction of the shift depends on the … parameters of the matching model, regardless of the assumptions made on the relative search effectiveness of employed and … unemployment effects. We find evidence that the rise in on-the-job search in the 1980s has shifted the Beveridge Curve outwards …

approach, the unemployment rate is on average 0.8 percentage points (ppts) higher than the official unemployment rate, with a …-cycle fluctuations in the unemployment rate from job separation, job finding, and participation. Correcting for misclassification changes … unemployment fluctuations, while participation accounts for fewer. The methodology I propose can be applied to any other labor …

of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an … rather than registering as unemployed. This paper discusses a way in which the measure of unemployment can be broadened to …

, labor market matching efficiency, and labor market policies are associated with the incidence of long-term unemployment …While unemployment rates in Europe declined after the global financial crisis until 2018/19, the incidence of long …-term unemployment, the share of people who have been unemployed for more than one year to the total unemployed, remained high. Moreover …

Amid total factor productivity (TFP) shocks job-to-job flows amplify the volatility of unemployment, but the aggregate … income, and unemployment. As such, our work contributes to resolving two limitations of current general equilibrium labor …-search theory: under standard calibrations models without OTJ search generate implausibly low unemployment volatility, while models …