collective memory as the face of unemployment. Her portraits showed down and out men waiting in breadlines and the desperation of … and high-flying executives, high school graduates alongside those with college degrees. The one truth about unemployment …, we had our own devastating recession, during which one out of every six workers reported a job loss. The lesson we …

-employed workers. We find that the employed fare better than the non-employed in job search: they receive more offers per application … flow value of unemployment. …

workforce between two consecutive years. We estimate whether those who have been laid off have more diagnosed mental health …

same time lead to a higher unemployment rate for skilled workers, as compared to an equilibrium where fairness … increases in both skilled and unskilled unemployment. The wage of unskilled workers increases but the wage of skilled workers …In this paper, we introduce two sources of unemployment in a two-factor general equilibrium model: search frictions and …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously … that occupational change of unemployed workers is procyclical. The heterogeneous-market model yields highly volatile …