Carrillo-Tudela, Carlos; Visschers, Ludo - Volkswirtschaftliche Fakultät, … - 2012
negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously …