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We outline the case for credit frictions and a demand side aspect to labor market fluctuations. To illustrate the above proposition, we present a simple framework to analyze the joint dependence between a labor search problem in the labor market and a costly state verification problem in the...
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We extend the Diamond-Mortensen-Pissarides model of equilibrium unemployment to incorporate public-sector employment … unemployment rate, on the division of employment between the private and public sectors, and on the distributions of wages in the …
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To evaluate search effort monitoring of unemployed workers, it is important to take account of post-unemployment wages … of monitoring is randomized. They include registers of post-unemployment outcomes like wages and job mobility, and survey … data on measures of search behavior. As such we are the first to study monitoring effects on post-unemployment outcomes …
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