This paper explores the decomposition of equilibrium unemployment into involuntary and frictional components using a … that reflects search frictions. Using standard values of calibrated parameters, we find that the bulk of unemployment is …

pattern of searchunemployment does not match observed unemployment and we propose a new conceptof 'voluntary' unemployment …

Combining a spatial equilibrium model with a search-matching unemployment model, this paper analyzes the willingness to … pay for regional amenities and the regional quality of life when wages, rents, and unemployment risk compensate for local … unemployment ratio decreases in response to an increase in the amenity level if the amenity is marginally more beneficial to …