We examine the drivers of youth unemployment in Poland and Spain, countries where youth have a marginalised labour … market position. We decompose the trends in unemployment rates in 1990-2011. We disentangle the role of prolonging job search … and the impact of dismissals. The contribution of these two factors to the changes in unemployment rates is compared …

key variables - unemployment and vacancies - relative to the variation in the shock variables. Shimer identifes the … unemployment and vacancies whilst retaining the standard wage determination process. We set out a model with two important changes … unemployment and vacancy series to match the data; we confirm for the UK that the Mortensen-Pissarides model cannot, as shown by …

allowing on-the-job search. We obtain that the elasticity of unemployment with respect to growth shrinks from 1.63 to 0 … search process than the unemployed. Thus, we show that, rather than contributing to unemployment, creative destruction …

year time horizon, are in a statistical sense close to invisible with respect to employment and unemployment stocks, and … likely any period at all, of unemployment. Our results should not be taken to mean that economic policy reform is costless to …

Standard matching models of unemployment assume that workers and job flows are identical. This is in stark contrast to … empirical evidence that job flows in fact only account for a fraction of worker ßows, that unemployment exits only account for a … implications for our view of unemployment dynamics. The key features of our model relate to the search options of the worker, and …

labor market models have a hard time generating the degree of cyclical volatility in unemployment and vacancies that is …, job destruction and unemployment. We start from the reasonable assumption that the disutility of effort (in our case the … the average unemployment rate. It is important to point out that in our paper, incorporating an incentive compatible wage …