This paper studies work flow dynamics in Korea from 2000 to 2011 by using data from Economically Active Population Survey (EAPS). We examine the size and cyclicality of both the gross work flows and the associated transition rates between the labor market states of employment, unemployment, and...

This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...

This paper develops a model of equilibrium unemployment with (unobservable) endogenous on-the-job search and (partly unobservable) endogenous search behavior by firms. The model allows to analyze crowding-out of unemployed job seekers by endogenous on-the-job search of employees, and the...

This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...

This paper studies work flow dynamics in Korea from 2000 to 2011 by using data from Economically Active Population Survey (EAPS). We examine the size and cyclicality of both the gross work flows and the associated transition rates between the labor market states of employment, unemployment, and...

This volume contains nine original innovative chapters on worker well-being. Three chapters are on time allocated to work and human capital acquisition, three on aspects of risk in the earnings process, two on migration, and finally one on how tax policies affect poverty. Questions answered...

This volume contains eight new and innovative research articles relevant to researchers and policy makers. Each chapter deals with an aspect of human welfare and is authored by an expert in the field. One deals with how technological change affects the distribution of earnings, two deal with how...