, leading in turn to higher, not lower, unemployment. And, even if unemployment comes down, workers may actually be worse off …, going through many spells of unemployment and fixed duration jobs, before obtaining a regular job. Looking at French data … substantial reduction in unemployment duration. If anything, their effect on welfare of young workers appears to have been …

evolution of the labor share, the profit rate, the capital/output ratio, and unemployment which we examine more particularly in … the case of France appears highly supportive …

autocorrelations close to zero, (ii) these autocorrelation differences between spot and futures markets are maintained even under … conditions favorable for spot-futures arbitrage, and (iii) these autocorrelation differences are most prevalent during low volume …

In this paper, a theory of the natural or equilibrium rate of unemployment is built around a theory of the duration of … a minority are on temporary layoff or have just entered the labor force. Thus, high-unemployment labor markets are … efficient. The factors influencing the resulting natural unemployment rate are discussed. Under plausible assumptions, the …

is imputed using existing labor supply elasticities, and variations in unemployment insurance laws are used to estimate …

unemployment-inflation tradeoff since 1995 …

unemployment, called ranking. With the filling of vacancies unaffected by the selection rule, both equilibria have the same … aggregate dynamics, but different distributions of unemployment durations. With the threat point for the Nash bargained wage … being a worker with zero unemployment duration, the wage with ranking is much more sensitive to changes in the tightness of …