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 …

rule. The model is used to address the "Shimer puzzle" related to the low volatility of the unemployment rate relative to … unemployment rate to changes in productivity and in particular to changes in the information structure …

This paper introduces an innovative test of search and matching models using the exogenous variation available in …

This paper introduces an innovative test of search and matching models using the exogenous variation available in … experimental data. We take an off-the-shelf Pissarides matching model and calibrate it to data on the control group from a … destruction rate is not consistent with the experimental data in this context. -- calibration ; equilibrium search and matching …

This paper introduces an innovative test of search and matching models using the exogenous variation available in … experimental data. We take an off-the-shelf Pissarides matching model and calibrate it to data on the control group from a …

and 'services' are produced both in the market and within the households. We use the model to examine how unemployment and … services reduces unemployment whereas a tax cut on goods has no effect. A reform involving tax differentiation, with lower …