Combining a spatial equilibrium model with a search-matching unemployment model, this paper analyzes the willingness to … pay for regional amenities and the regional quality of life when wages, rents, and unemployment risk compensate for local … unemployment ratio decreases in response to an increase in the amenity level if the amenity is marginally more beneficial to …

theory, which has so far focused on labor market frictions in general and not specifically on information asymmetries. Using … unemployment rate and the actual unemployment rate in the country, which is a meaningful indicator of their misperception of labor … model includes: controls for the worker's ability; country-specific fixed effects; the unemployment rate in the region of …

Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding … rate and the unemployment rate? In the odel, these fluctuations are driven by movements in productivity. This paper … model is able to replicate the conditional volatilities of job finding and unemployment. However, it fails to replicate the …

We examine the matching process using monthly panel data for local labour markets in Sweden. We find that an increase … that high unemployment makes it easier to fill vacancies; hiring appears to be determined by labour demand while frictions …

We examine the matching process using monthly panel data for local labour markets in Sweden. We find that an increase … that high unemployment makes it easier to fill vacancies; hiring appears to be determined by labour demand while frictions …

Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding … rate and the unemployment rate? In the model, fluctuations are prominently driven by productivity shocks which are commonly … replicates the conditional volatility of job finding and unemployment, so that the Shimer critique does not apply. Instead the …

comovement between matches, unemployment, and vacancies in dynamic labor market models: either by assuming a standard Cobb … negative time trend in estimated matching functions. In addition, the full nonlinear combined model generates highly asymmetric …