level of education can notexplain the stronger cyclicality of the unemployment rate for lower educatedworkers. We conclude … firms can explain the relatively high level of unemployment amongstlower educated workers and the relatively strong … over the cycle in the lay-off rate of workers with a lowerlevel of education compared to that of workers with a higher …

We analyze the impact of information frictions on workers' wages, contributing to the literature that tested search … unemployment rate and the actual unemployment rate in the country, which is a meaningful indicator of their misperception of labor … model includes: controls for the worker's ability; country-specific fixed effects; the unemployment rate in the region of …

minimum wages when firms are financially constrained. We introduce financial frictions into a search and matching labor market …