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 …

recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …, vacancies, unemployment …We develop a framework where mismatch between vacancies and job seekers across sectors translates into higher …

driving this result are pro-cyclical increases in the probability of skill loss during unemployment: these provide incentives … to post proportionally more vacancies during upturns by raising the surplus from employing high-skill workers …. Compositional changes in the unemployment pool, on the other hand, play a negligible role for empirically plausible rates of skill …

recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …We develop a framework where mismatch between vacancies and job seekers across sectors translates into higher … unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the …

Greece’s labour market entered the COVID-19 shock following several years of sustained employment growth and with wages … picking up. Unemployment remained high and employment rates were low, especially among women, the young and older workers. The …

that referred workers initially earn 4.6 percent higher wages and are 2.3 percentage points less likely to leave their …-specific productivity with a probability of 48.4 percent per year. Counterfactual simulations show that average wages are 3.9 percent lower …

immigrants' wages are the lowest of all workers due to their ineligibility for unemployment benefits and lower wage bargaining …, resulting in gains in terms of both employment and wages for natives, which does not hold for documented immigration. Stricter … immigration enforcement mutes job creation and raises the unemployment rate of all workers, having an even larger detrimental …

internalize how their individual actions affect the labor market outcomes of competitors in a common unemployment pool. We provide …