We examine the ability of six labor market models to account for the business cycle behavior of UK labor markets when embedded in a stochastic growth model. We assess the models in terms of their ability to mimic general business cycle correlations and volatility, their success at explaining the...

The performance of six alternative models in accounting for UK labour market behaviour over the business cycle is examined. Models are assessed in terms of their ability to mimic actual cycle correlations and volatility, their success in replicating persistence, and their success in modelling...

The performance of six alternative models in accounting for UK labour market behaviour over the business cycle is examined. Models are assessed in terms of their ability to mimic actual cycle correlations and volatility, their success in replicating persistence, and their success in modelling...