unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor … the number of unemployed are not very important. Matching frictions are more important for employment during booms than …

Unemployment was singled out by John Maynard Keynes as one of the principle faults of capitalism; the other is … depression, it is worthwhile to examine Hyman P. Minsky's comprehensive approach to resolving the unemployment problem. …

market policy. We analyze its causal effects on the individual transition rate from unemployment to employment by exploiting …-parametric identification. The data cover the population and include multiple unemployment spells for many individuals. The results indicate a … diminishes after some weeks. When taking account of the time spent in the program, the effect on the mean unemployment duration …

Unemployment insurance systems include monitoring of unemployed workers and punitive sanctions if job search …

-the-job search is a key component in explaining labor market dynamics in models of equilibrium unemployment. The model predicts … fluctuations of unemployment, vacancies, and labor productivity whose relative magnitudes replicate the data. A standard search and … matching model suggests much lower volatitilities of these variables. Intuitively, in a boom, rising search activity on the job …

permanent employees enjoy labor protection. In a labor market characterized by search and matching frictions, firms find it …

' incentives to create jobs, increases unemployment, and lowers GDP. To quantify the effects of this novel channel, we extend the … counterfactual exercises. We find that the adverse effects of our mechanism on the economy's TFP, GDP, and unemployment are sizable. …