This paper addresses the large degree of frictional wage dispersion in US data.The standard job matching model without …-the-job searchin a stochastic job matching model. Our key result is that the inclusion of variableon-the-job search increases the …

which explicitly accountsfor the role of the lifecycle as well as search and matching frictions in the labor market. In our …

the lifecycle affects aggregate labor market activity, and in particular, unemployment. While much work has been done on … and matching in the labor market. The lifecycle of workers in conjunction with frictions in the labor market produces an … environment in which unemployment arises as a natural possibility and both young and old workers find themselves contemporaneously …

unemployment insurance, when thelatter is only imperfectly related to search effort. A balanced social insurance budget …

paper provides a rationale for such programsin a lifecycle framework with search and matching frictions in the labor market …

We evaluate the effects of outsourcing and wage solidarity on wage formation andequilibrium unemployment in a …

In mid-2008, high employment and low unemployment rates characterised the Estonian labour marketin comparison with the …, ethnic groups, and workers with different skilllevels. As Estonia entered recession in 2008, the unemployment rate almost …

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well …