This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … with reference to the design of optimal unemployment insurance programs. …

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

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … with reference to the design of optimal unemployment insurance programs. …

-to-job flows and labour force entries and exits. Employed job search is shown to have a substantial impact on unemployment dynamics … but a negligible one on the level of unemployment. More on-the-job search leads to lower unemployment inflow and outflow …, i.e. a more stagnant unemployment pool. With employed job search, the stock of vacancies is more cyclically sensitive …

EPL varying among workers of different skills on the level and composition of unemployment, job flows, productivity and …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …

unemployment-spell. Consequently, our calculations suggest that the steady-state unemployment rate fell by as much as one-fifth. …