The labor market by itself can create cyclical outcomes, even in the absence of exogenous shocks. We propose a theory … account for large fluctuations in vacancies, unemployment, and job-to-job transitions; it provides a rationale for the Jobless … Beveridge Curve (the unemployment-vacancy locus). Each of these phenomena is matched in the data. …

transitions between the states of nonparticipation, unemployed search, and employment. Motivated by a model of household search … nonparticipation (both out of unemployed search and employment) are positively affected by the husband's income (while no effect is … found for transitions out of nonparticipation). Men seem to move from employment into unemployed search easier the higher is …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

employment sample, for the time period 1975-2001. The latter provides daily information on 2% of the German workforce covered by … increased flow into unemployment in a recession is mainly due to reduced hirings, and hence lower job-to-job transitions, rather …