analyze data from the SIPP and find that the wages for new hires coming from unemployment are no more cyclical than those of …

Why is unemployment higher for younger individuals? We address this question in a frictional model of the labor market … observed age differences in unemployment which, as in the data, are due to differences in job separation rates …

accessibility to appropriate jobs should shorten the duration of unemployment. We focus on lower-income workers with strong labor …

unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the … recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share …

We consider a matching model of employment with wages that are flexible for new hires, but sticky within matches. We …

model labor market frictions and unemployment explicitly. The present paper describes some of the essential ingredients and …

matching function. Wages are determined through Nash bargaining. We also consider aggregate productivity shocks, and a complete …We use the model to evaluate a tax-financed unemployment insurance scheme. Higher insurance is beneficial for … unemployment effects, unless workers are close to indifferent between working and not working; thus, recent findings are …

We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and … unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of … fluctuations in separations and unemployment. We find that the model faces a trade-off--it cannot produce both realistic dispersion …

We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications … for the unemployment-inflation tradeoff and for the conduct of monetary policy.<br><br>We proceed in two steps. We first … unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage setting mechanisms …

Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the … has been challenged by Costain and Reiter, who say it generates unrealistically big differences in unemployment from the …