in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … strategies of choosing a Pareto inefficient transition path. This type of path is generated after a time preference shock and … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …

This paper argues that existing matching models with unemployment as an active search and nonparticipation as an … inactive search predict counterfactual results: the unemployment rate is at most two times as volatile as the … employmentpopulation ratio; only 20 percent of the actual volatility of the unemployment rate is accounted for; and the labor market …

We apply well-known results of the econometric learning literature to a standard RBC model with unemployment. The …) with least squares learning is however slow. The cyclical response of unemployment to structural shocks is muted under …

unemployment rate and the vacancy rate increase sharply, but those of output and total hours worked do not appreciably change. …

Unemployment Accounts (UA) are mandatory individual saving accounts that can be used by governments as an alternative … to the Unemployment Insurance (UI) system. I study a two tier UA-UI system where the unemployed withdraw from their … unemployment account until it is exhausted and then receive unemployment benefits. The hybrid policy provides insurance to workers …

The present paper develops a three sector Harris-Todaro (1970) type general equilibrium model of unemployment by … effects of the inflows of foreign capital on the level of unskilled unemployment and skilled-unskilled wage inequality. We … find that an inflow of foreign capital raises the skilled- unskilled wage gap and lowers the level of unemployment of the …

Abstract German (English abstract is added below) Arbeitslosigkeit gilt als eines der schwerwiegendsten … Arbeitslosigkeit, für die anhaltende Beschäftigungskrise vor? Und in welchem Umfang hat das deutsche Sozial- und Wohlfahrtssystem zu … die Aufgabe einer Arbeitslosenversicherung die soziale Absicherung im Falle einer möglichen, temporären Arbeitslosigkeit …

), effective demand, and involuntary unemployment. …

of vacancies, unemployment and wages. …

shock caused the Great Recession via a sudden drop of confidence. Overall, those results are consistent with the main …