Gottfries, Nils; Stadin, Karolina - 2019
According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when … unemployment makes it easier to fill vacancies. Instead, there are few vacancies when unemployment is high because there is a low … inflow of new vacancies. We construct a simple model with on-the-job search and show that it is broadly consistent with the …