market states, the unemployment rate, and the labor force participation rate, while using values of elasticities consistent …

market outcomes than job switchers. Over 40% of all workers separating into unemployment regain employment at their previous … temporary layoff. Recalls are associated with much shorter unemployment duration and better wage changes. Negative duration … dependence of unemployment nearly disappears once recalls are excluded. We also find that the probability of finding a new job is …

market outcomes than job switchers. Over 40% of all workers separating into unemployment regain employment at their previous … temporary layoff. Recalls are associated with much shorter unemployment duration and better wage changes. Negative duration … dependence of unemployment nearly disappears once recalls are excluded. We also find that the probability of finding a new job is …

workers return to their previous employer after a jobless spell and experience very different unemployment and employment …

the business cycle features of job flows, worker flows between employment and unemployment, and job-to-job transitions …. The calibrated model successfully replicates (i) countercyclical worker flows between employment and unemployment, (ii …. The cyclical properties of worker flows between employment and unemployment differ from those of job flows, partly because …

job flows simultaneously. In particular, the model correctly predicts that hires from unemployment move countercyclically … through unemployment but is part of job creation, for which procyclicality of the job finding rate dominates its cyclicality …. We also show that the model generates large volatilities of unemployment and vacancies when a worker's outside option is …

former type faces a risk of skill loss during unemployment. When the skill loss occurs, the worker is required to restart his …