Ten years after the start of transition, there are many puzzles we still have to live with. Why did all countries … labour supply. Surprisingly enough, the literature on the economics of transition has devoted little, if any, attention to … labour force participation decisions. In the models of the optimal speed of transition (OST) literature, the labour force is …

Ten years after the start of transition, there are many puzzles we still have to live with. Why did all countries … labour supply. Surprisingly enough, the literature on the economics of transition has devoted little, if any, attention to … labour force participation decisions. In the models of the optimal speed of transition (OST) literature, the labour force is …

Ten years after the start of transition, there are many puzzles we still have to live with. Why did all countries … supply. Surprisingly enough, the literature on the economics of transition has devoted little, if any, attention to labor … force participation decisions. In the models of the optimal speed of transition (OST) literature, the labor force is …

We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect …

driven by changes in the efficiency of matching unemployed workers to jobs. We find that cyclical movements in unemployment … matching efficiency generally play a small role but can decline substantially in recessions. At low-frequencies, labor demand …

The matching efficiency of the standard matching function is known to follow a pro-cyclical pattern. An observed … rightward shift in the UK's Beveridge Curve after the Great Recession, suggests a decrease in the matching efficiency between … characteristics of unemployed, using the standard aggregate matching function. Consistent with the findings for the US (Barnichon and …