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

relative wages of job-to-job movers over a similar period. We develop a search model in which firms may offer tenure …

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 …

vacancy-unemployment relation …

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

-Mortensen-Pissarides (DMP) model. Loglinearization understates the mean and volatility of unemployment, but overstates the volatility of labor … market tightness and the magnitude of the unemployment-vacancy correlation. Loglinearization also understates the impulse … responses in unemployment in recessions, but overstates the responses in the market tightness in booms. Finally, the second …

theory to decompose the age profiles of transition rates, wages and productivity into the effects of age variation in work …

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