, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …

-the-job search is a key component in explaining labor market dynamics in models of equilibrium unemployment. The model predicts … fluctuations of unemployment, vacancies, and labor productivity whose relative magnitudes replicate the data. A standard search and … matching model suggests much lower volatitilities of these variables. Intuitively, in a boom, rising search activity on the job …

, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …

unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor … the number of unemployed are not very important. Matching frictions are more important for employment during booms than …

This paper uses the search and matching framework to explore the impact of employed job search on the labour market …-to-job flows and labour force entries and exits. Employed job search is shown to have a substantial impact on unemployment dynamics … but a negligible one on the level of unemployment. More on-the-job search leads to lower unemployment inflow and outflow …

In a New Keynesian DSGE model with labor market frictions and liquidity-constrained consumers aggregate unemployment is … reacts very differently from the group of liquidity-constrained consumers implying that the unemployment rate is likely to …'s parameters, we find that the size of the fiscal (unemployment) multiplier increases with i) highly sticky prices, ii) high …

identification of this model using Current Population Survey data on accepted wages and unemployment durations, and demonstrate that … minimum wage rate in 1996, though at the cost of a perhaps unacceptably high unemployment rate. …

We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on … unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted … for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature …

This paper makes two contributions to the empirical matching literature. First, a recent study by Anderson and Burgess … (2000) testing for endogenous competition among job seekers in a matching frame-work, is replicated with a richer and more … accurate data set for Germany. Their results are confirmed and found to be surprisingly robust. Second, the matching framework …