The US labour market is characterized by a high skill wage mark-up and low unemployment, while the German labour market … has a low skill wage mark-up and a high, mainly unskilled unemployment rate. This paper adds an innovative labour supply … to an increased relative skill demand which is not matched by the skill supply and therefore mis-match unemployment …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

The systematic use of experience rating is an original feature of the U.S. unemployment benefit system. In most states …, unemployment benefits are financed by taxing firms in proportion to their separations. Experience rating is a way to require … employers to contribute to the payment of unemployment benefits they create through their firing decisions. It is striking that …

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …

Unemployment benefits, benefit duration, base period and qualifying period are constituent parameters of the … unemployment insurance system in most OECD countries. From economic research we know that the amount and duration of unemployment … benefits increase unemployment. To analyze the effects of the other two parameters we use a matching model with search …

fluctuations of vacancies and unemployment in our model can replicate those observed in the US data, with labour market tightness … for the new hires and the calibration is consistent with the estimated elasticity of unemployment to unemployment benefits …