exacerbates unemployment. Our richer setting allows for generational differences in the motivations for job search to be reflected … in two distinct inverted U‐shaped relationships between unemployment and high‐wage employment, one for youth and a … different one for adults. In turn, the relationship between overall unemployment and high‐wage employment is shown to be non …

duration dependence in unemployment benefits in a random on the job search model featuring two-sided heterogeneity. General …

This paper studies the impact of an increase in the enforcement of labor regulations on unemployment and inequality … workers) leads to: higher unemployment, less income inequality, a higher proportion of formal employment, and a lower formal …

) The informal sector works as an "unemployment," but not a "welfare buffer" in the event of negative economic shocks …