What are the effects of financial market imperfections on unemployment and vacancies in Canada? The author estimates … more volatile labour market. The author finds that the model accounts well for the cyclical behaviour of unemployment and … labour market. Overall, financial shocks contribute about 30 per cent of the fluctuations in unemployment and vacancies for …

The recent financial crisis and subsequent recession have spurred great interest in the sources of unemployment … the model using Canadian data from 1991 to 2010. I find that, in the long run, unemployment fluctuations are mainly driven … per cent of unemployment fluctuations. I also find that inclusion of the recent financial crisis data in the estimation is …

their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …

In this paper, we quantify the contribution of labor market reforms to unemployment dynamics in nine OECD countries … the heterogeneous-worker mechanism proposed by Robin (2011) to explain unemployment volatility by productivity shocks … benefits and product market deregulation stand out as the most prominent policy levers for unemployment reduction. All other …

unemployment in the U.S. labor market. In the empirical analysis, we document that the similar cyclical behavior of involuntary … part-time work and unemployment masks major differences in the underlying dynamics. Unlike unemployment, variations in … from unemployment from a worker's perspective. We also quantify the welfare costs of cyclical fluctuations in involuntary …

between vacancies and unemployment with a structural change-an outward shift-around 1986. …