Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …. The European unemployment problem emerged in the 1980s and 1990s, as Beveridgean full employment gaps increased. In the …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …

stated that matching efficiency decreased. Using a new decomposition method, combined with detailed labour market flow data …, we are the first to disentangle supply-side, demand-side and matching factors, which could potentially cause a shift in … the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …

two-sector general equilibrium model featuring matching frictions on the labour market and a social norm. Conducting …, unemployment and the size of the informal sector are affected by punishment policies, which has been ignored in the previous …

-sector general equilibrium model featuring matching frictions and worker-firm wage bargaining. Workers are assumed to differ in …

associated with high consumption value and low effort. This increases the skill mismatch and aggregate unemployment in the …

This paper develops a general equilibrium search and matching model where an underground economy co-exists along with … actual unemployment. …

We analyse the effects active labour market programmes (ALMPs) have on unemployment in a union wage-setting framework … case where ALMPs increase match efficiency of the marginalized workers, and show that ALMPs may increase unemployment. …

This paper studies the effect of mandated severance pay in a matching model featuring wage rigidity for ongoing, but …