In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment. -- Credit markets ; labor markets ; unemployment ; credit constraints ; search frictions …

measuring the additional time spent in unemployment before being hired in a new occupation. Furthermore, I inspect the wage … changes after reallocation and find that workers who change occupations through unemployment face wage losses. Interpreted …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

This article explores the long-run relationship between unemployment rate and labor force participation rate in Canada … leads us to doubt the pertinence of the unemployment invariance hypothesis for Canada. This is consistent with the empirical …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …