may have increased unemployment, and shows that this is likely to occur if technological change is associated with an …

, which leads to expectation of reversal. -- Unemployment ; flexibility ; temporary contracts ; unemployment duration … ; unemployment recurrence ; on the job search ; labor force composition …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment … equilibrium coexisting with a high-quits/low-unemployment equilibrium. Under weak conditions, low-unemployment equilibria Pareto … dominate high-unemployment equilibria. Mobility premia improve aggregate welfare but may increase unemployment. …