expected magnitudes of these effects on firms’ employment dynamics? In this paper, I simulate a theoretical model featuring … simulations show quite small employment effects of typical shocks to the number of vacancies in the local labor market and very … small effects of typical shocks to the number of unemployed. The employment effects are smaller in recessions than in booms …

decisions can simultaneously account for the observed behavior of employment, unemployment and out-of-the-labor-force. This … contrasts with the previous RBC literature, which analyzed employment or hours fluctuations by either lumping together … unemployment and out-of-the-labor-force into a single non-employment state or assuming a fixed labor force participation. Once the …

attempts to explain the recent increase in the share of formal employment through the dynamics of hiring strategies of firms … employment rises as the unemployment rate falls and that the wage gap between formal and informal workers increases, at least at …

falls in the trend employment-population ratio. The recent shift in the Beveridge Curve during the Great Recession is …

households' work incentives and the firms' employment incentives within the search process. …