account for the empirical relation between the job-finding rate and the vacancy-unemployment ratio, provided that search costs …

. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …

Unemployment Insurance (UI) scheme in which job search requirements are imposed on UI recipients with hyperbolic preferences. We …

We examine empirically the impacts of labor market policies - in terms of unemployment insurance (UI) and active labor … expected unemployment duration, while improving the quality of the resultant job. Participation in ALMP raises the probability …

unemployment decreases upon offshoring in the presence of perfect intersectoral labor mobility. If, as a result, labor moves to the … sector with the lower (or equal) vacancy costs, there is an unambiguous decrease in economywide unemployment. With imperfect … intersectoral labor mobility, unemployment in the offshoring sector can rise, with an unambiguous unemployment reduction in the non …

RBC models with search unemployment and wage renegotiation generate too much wage volatility and too stable … unemployment rate. Shimer (2004) shows that it is possible to reproduce a volatility of unemployment similar to that observed in … unemployment …

how easier home financing and higher homeownership rates increase unemployment rates. To this purpose we build a model of … decline while job loss rates increase, causing the overall unemployment rate to rise.We estimate this model structurally using … requirements, increase unemployment rates by 6 percent points. We also find that declining labor demand decreases homeownership …

In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment …

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …