, that frictions (sand-in-the-wheels) may decrease unemployment and that the equilibrium is determined by two simple …

We review theories of race discrimination in the labor market. Taste-based models can generate wage and unemployment … existing model explains the unemployment rate differential. Models of statistical discrimination based on differential … employment and unemployment. At their current state of development, models of statistical discrimination based on rational …

discrimination which will not be eroded by market forces. Finally, the model provides the basis for a theory of involuntary … unemployment …

We develop a model of self-sustaining discrimination in wages, coupled with higher unemployment and shorter employment … values the model has two steady states, one corresponding to each population group. Discrimination can persist even if the …

Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric …-in-differences event study research design that exploits cross-state variation in licensing laws to compare the unemployment rate between …, we find that licensing shields workers from a recession-induced increase in the unemployment rate of 0.82 p.p. during …

How has the internet affected search and hiring, and what are the implications for aggregate unemployment? Answering ….4% and starting wages by 6% among the unemployed, we find no evidence of changes in job-to-job mobility or wage growth for … indicate that the steady-state unemployment rate fell by as much as 14% due to the broadband internet expansion …

workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration …

employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …