We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …

. 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 …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are …

have higher wage dispersion. We also examine the relationship between unemployment benefits and job search. …

50 states and D.C., job search is inversely related to the generosity of unemployment benefits, with an elasticity … of 2.5; 5) job search intensity for those eligible for Unemployment Insurance (UI) increases prior to benefit exhaustion …; 6) time devoted to job search is fairly constant regardless of unemployment duration for those who are ineligible for UI …

found that Internet job search (IJS) was associated with longer unemployment durations in 1998/2000 - using comparable data … from a decade later. We find that IJS now appears to be effective: it reduces individual workers' unemployment durations by …. IJS appears to be most effective in reducing unemployment durations when used to contact friends and relatives, to send …