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

properties of employment and unemployment equilibrium. Second, it applies the model to the study of employment fluctuations and … to the explanation of differences in unemployment rates in industrialized countries. The search and matching model is … unemployment and of jobs out of the market (the ‘job destruction’ flow). Steady-state equilibrium is at the point where the two …

ambiguity aversion substantially amplifies unemployment rate volatility. Second, we show that a part of the high value of … leisure required by the canonical DMP model to generate realistic unemployment rate volatility can arise from fitting a model …

role for the cyclicality of the unemployment outflow rate, although the contribution of the duration of unemployment is … significant. In contrast, composition effects dampen the cyclicality of the unemployment inflow rate considerably. We further … observe that the initially positive contribution of composition effects to a higher unemployment outflow rate turns negative …

"recall") unemployment, those "employed but absent from work" for unspecified reasons, or not in the labour force while …

. The aim of the paper is to analyse the transitional dynamics of unemployment and vacancies when financial constraints are … describes the transition path of unemployment and vacancies to their steady state values. We show that the transition path … downward sloping. This implies unemployment and vacancies adjust in opposite directions as observed in the data. When …

the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …

the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …

the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …