their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …

joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

unemployment and vacancies with respect to output. We estimate the structural model with the two shocks and using the Bayesian … methodology. The bulk of variations in unemployment and vacancies is mainly explained by disturbances pertaining to the discount …