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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. …
Persistent link: https://www.econbiz.de/10005791589
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10011325985
In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the job loss rate is much...
Persistent link: https://www.econbiz.de/10010262363
, which leads to expectation of reversal. -- Unemployment ; flexibility ; temporary contracts ; unemployment duration … ; unemployment recurrence ; on the job search ; labor force composition …
Persistent link: https://www.econbiz.de/10009520500
In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the job loss rate is much...
Persistent link: https://www.econbiz.de/10014159118
In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the jon loss rate is much...
Persistent link: https://www.econbiz.de/10005703292
may have increased unemployment. It is shown that it is likely to be so if they are associated with an increase in the …
Persistent link: https://www.econbiz.de/10012774285
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10010262352
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10014161382
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10005124276