employment protection and/or lower replacement rates are associated with larger standard deviations of real wages relative to … those of unemployment in OECD members. However, there is a positive correlation between employment protection and … unemployment. I find that this result is robust to alternative setups of non-labor markets. Finally, I find that the effect of the …

extensive margin that yields cyclical asymmetry between peaks and troughs of the unemployment rate and symmetric fluctuations of …

following distinct responses to a structural change: 1) matching efficiency drops and recovers slowly; 2) total vacancies first … during the transition; and 4) counter-intuitively, the impact on the overall unemployment is limited …

, unemployment is acyclical and highly positively correlated with vacancies. Based on the evidence that job-to-job flows are large in …-to-job flows. The modi ed model successfully generates countercyclical unemployment and the Beveridge Curve relationship …

. Loglinearization understates the mean and volatility of unemployment, overstates the unemployment-vacancy correlation, and ignores …

worker type) can no longer signal this by posting higher wages. Specifically, we consider a search model with two sided …

changes in vacancies would predict. Overall, these job search responses have the potential to amplify the labour demand shock. …

worker type) can no longer signal this by posting higher wages. Specifically, we consider a search model with two sided …