We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity …. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … unemployment, productivity growth and wage inequality. To show this, we construct two fictious economies with calibrated parameters …

We develop a theoretical model of firm dynamics and unemployment and characterize equilibria with tenure dependent … separation taxes. The model is a version of the Lucas and Prescott island model with undirected search. Two equivalent …

calibrating a life cycle model with unemployment risk and endogenous search effort, we find that allowing unemployment replacement …We argue that US welfare would rise if unemployment insurance were increased for younger and decreased for older … workers. This is because the young tend to lack the means to smooth consumption during unemployment and want jobs to …

In this paper, I investigate the effect of extended unemployment insurance (UI) coverage in the United States in recent … years on job search. The U.S. government extended UI benefits in several phases in 2008-2009, increasing the duration of the … effect of the UI extensions for women is over a 10 percentage points decline in the probability of job search. However, I do …

have higher wage dispersion. We also examine the relationship between unemployment benefits and job search … countries. We devote particular attention to characterizing and modeling job search intensity, measured by the amount of time … devoted to searching for a new job. Job search intensity varies considerably across countries, and is higher in countries that …

This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …

rates of unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many …

We examine how a 16-week cut in potential unemployment insurance (UI) duration in Missouri affected search behavior of … estimates to simulate the unemployment rate assuming no market-level externalities. The simulated response, which implies almost … a one percentage point decline in the unemployment rate, closely approximates the estimated change in the unemployment …