frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. …

frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. …

The paper develops a model of directed search on the job where transitions of workers between unemployment, employment …. Productivity shocks are found to generate large fluctuations in workers' transitions, unemployment and vacancies when matches are …

unemployment. I estimate a version of the MP model with wage rigidity and permanent shocks to match productivity. The model … generates sufficient volatility in unemployment, vacancies, job-finding and job-separation despite relatively low worker outside … estimation procedure finds the best fitting model, the model predicts too little variance in unemployment and too much variance …

it, I use a few alternative methods. As a dependent variable I use the gap of the unemployment rate while the independent …

unemployment and employment variables cycles and the economic activity cycles, I find that Okun's Law has held in Korea in the last …

of unemployment and vacancies to negative shocks to the aggregate productivity of labor. …

A search-theoretic general equilibrium model of frictional unemployment is shown to be consistent with some of the key … regularities of unemployment over the business cycle. In the model the return to a job moves stochastically. Agents can choose … unemployment. …