50 states and D.C., job search is inversely related to the generosity of unemployment benefits, with an elasticity … of 2.5; 5) job search intensity for those eligible for Unemployment Insurance (UI) increases prior to benefit exhaustion …; 6) time devoted to job search is fairly constant regardless of unemployment duration for those who are ineligible for UI …

rate and the unemployment rate? In the model, fluctuations are prominently driven by productivity shocks which are commonly …Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding … replicates the conditional volatility of job finding and unemployment, so that the Shimer critique does not apply. Instead the …

In a New Keynesian DSGE model with labor market frictions and liquidity-constrained consumers aggregate unemployment is … likely to increase due to a non-persistent government spending shock. Furthermore, the group of asset-holding households … reacts very differently from the group of liquidity-constrained consumers implying that the unemployment rate is likely to …

quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This …In the standard macroeconomic search and matching model of the labor market, there is a tight link between the … model, unemployment benefits affect households' behavior directly, without having to run via the bargained wage. A …

quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This …In the standard macroeconomic search and matching model of the labor market, there is a tight link between the … model, unemployment benefits affect households’ behavior directly, without having to run via the bargained wage. A …

This paper documents the short run and long run behavior of the search and matching model with staggered Nash wage … labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …

have higher wage dispersion. We also examine the relationship between unemployment benefits and job search. …

labor markets. Upon a neutral shock, total unemployment decrease is two-staged: firstly with a reduction in unskilled … investment. Idiosyncratic shock shifts the skilled labor share and changes tightness in both skilled and unskilled markets. Given … unemployment, and then due to a sharp decline of skilled unemployment when skill substitution dominates. A higher elasticity of …

through a reservation wage effect. Second, a positive productivity shock causes firms to invest more resources in innovation …This paper develops an equilibrium search and matching model to jointly study the aggregate, sectoral, and … "innovation" from investments that can potentially improve a match's productivity. These extensions deliver two mechanisms for …