estimates an on-the-job search model of the labor market to study the contribution of wage inequality and job mobility in … explaining earnings instability. To study the evolution over time of these different components we extract two estimation samples … labor market between the two periods are in the job-to-job mobility and in the variance of the wage offer distributions …

labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching …This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …

and those predicted to face a penalty compared to their pre-unemployment wage display overly optimistic wage expectations …

-displacement occupational matching in explaining the cost of job displacement. We combine German administrative data on the work history of …