unemployment at business cycle frequencies by using administrative data on registered unemployment and labor force surveys. We … first investigate the fluctuations in steady state unemployment, and then in current unemployment in order to take into … account the unemployment deviations from equilibrium. Our results show the dominant role of the job finding rate in accounting …

unemployment. Finally, we characterize the optimal production mode and show that stronger labour market imperfections lead to a …

. This critical value decreases with unemployment benefits and increases with workers' risk aversion. We also show that in …

We evaluate the effects of outsourcing and wage solidarity on wage formation and equilibrium unemployment in a … magnify, and not dampen, this tendency. Further, higher outsourcing will increase equilibrium unemployment among the high … unemployment under the reasonable condition that the proportion of high-skilled workers is sufficiently low …

employment, unemployment and inactivity, from several angles. I examine aggregate conditional transition probabilities, job … contributions of job-finding and job-separation rates to fluctuations in the unemployment rate. Over the past cycle, the job …