unemployment makes it easier to fill vacancies. Instead, there are few vacancies when unemployment is high because there is a low …According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when … unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high …

disproportionately. Firms respond by posting additional vacancies, and the strength of the response is increasing in firm productivity …. The distribution of unemployment worker types adjusts slowly, which amplifies job creation in the short run. In the long … run, falling unemployment curtails the firms' vacancy posting. The model closely matches time-series moments from U …

wages and workers cannot commit to not searching on the job. The resulting progression of wages (from firms paying just … growth are negatively correlated with initial wages. …

wage losses of workers displaced due to firm closure based on the comparison of workers' wages differentials before and …

, unemployment is acyclical and highly positively correlated with vacancies. Based on the evidence that job-to-job flows are large in …-to-job flows. The modi ed model successfully generates countercyclical unemployment and the Beveridge Curve relationship …

a high-unemployment urban area carries with it a large welfare penalty. Less stable jobs, slower skill accumulation …, lower average wages, and fewer possibilities for geographic mobility all contribute to these welfare losses. Paying …. In contrast, several policies that encourage people to move to low-unemployment urban areas increase these welfare losses …