little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

others suffer long periods of costly adjustment, typically high and persistent unemployment and temporary output losses. We … unemployment duration spells, relatively large wage penalties when changing jobs and higher likelihood of leaving activity for … and persistent unemployment compared to Estonia during the period of EU enlargement. Traditional labour market …

This Paper studies the border between shadow employment and unemployment. It argues that the two macroeconomic … proposes and solves a matching model of the labour market, where shadow employment emerges in equilibrium as the endogenous … the labour market trade-off implied by ‘shadow reducing policies’, it suggests that economies with low unemployment …

"Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the … has been challenged by Costain and Reiter, who say it generates unrealistically big differences in unemployment from the …

Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the … has been challenged by Costain and Reiter, who say it generates unrealistically big differences in unemployment from the …

Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the … has been challenged by Costain and Reiter, who say it generates unrealistically big differences in unemployment from the …