may be out of its unemployment equilibrium for quite a long time after a shock occurs.The novelty of the model is that it … increase in the pace of job creation and destruction may have substantial effects on employment and unemployment;the effects … takes explicitly account of the propagationof shocks through the various duration classes of unemployment andallows for …

,'' spending extra time in unemployment to reach a new sector. Sectoral shocks induce net movements of labor into relatively … productive sectors, while idiosyncratic worker shocks ensure that gross intersectoral flows through unemployment are always … context of the Great Recession in which the construction sector experienced a relatively large shock. In a two …

evidence that the unemployment rate itself is higher in the post-1970 era than in the previous decades. We also study the …

We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected … is linked to unemployment in country specific dynamic models. For Spain, the ADL-model estimation reveals a significant … impact of sectoral reallocation on unemployment that goes beyond usual business cycle patterns. In Italy, there is weaker yet …

unemployment. Significant asymmetries emerge. Lilien's dispersion index is significant only for relatively high levels of … unemployment and becomes insignificant for low levels suggesting that reallocation affects unemployment only when the latter is … high. More job reallocation is associated with higher unemployment. …