In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

) Regarding gender differences: transition involving non-participation matters more in the variance of female unemployment and … employment, informal employment, unemployment, and nonparticipation. We compute the contribution of each transition rate to … fluctuations in unemployment and informality rates. We identify five stylized facts: (i) Nearly 40% of the fluctuations in the …

Japan’s labor market, namely that the job separation and unemployment rates are U-shaped, whereas the job finding rate …

, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …

hire much more workers from unemployment than large firms, and that they do so at the very beginning of an economic …. Transitions from unemployment to employment at large firms are generally found to be more (pro-)cyclical. However, this stylised …

increased flow into unemployment in a recession is mainly due to reduced hirings, and hence lower job-to-job transitions, rather …