/4 of mismatches is efficient and attenuates polarization and unemployment over the cycle …

reveals that 1/4 of mismatches is efficient and attenuates polarization and unemployment over the cycle …

market improved from 2010 to 2014. We find that a 1 percentage point reduction in the local unemployment rate is associated … requirements using a natural experiment based on the fracking boom in the United States as an exogenous shock to the local labor …

This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that … skilled workers increases the natural rate of unemployment and reduces total factor productivity with long- run effects on the … Beveridge curves. Skill-specific labour market heterogeneity leads to a attening of the Phillips curve as wages and unemployment …

labor markets. Upon a neutral shock, total unemployment decrease is two-staged: firstly with a reduction in unskilled …-specific unemployment ; human capital investment ; idiosyncratic shock ; skill substitution ; search and matching … investment. Idiosyncratic shock shifts the skilled labor share and changes tightness in both skilled and unskilled markets. Given …

shock. Although the model generates a jobless recovery, its implications on unemployment duration are not entirely … consistent with the data. Therefore, this study considers its sectoral theory as promising, but does not claim that such theory …

Skill erosion during unemployment was of particular concern as unemployment duration increased in the Great Recession … unemployment pool's skill composition, and hence the output produced by other firms' new hires. As a consequence, job creation is …