Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …

We develop a model of job search and use it to assess the effects that the Brazilian unemployment benefit system has on … exit rates from unemployment. In our setup, unemployed workers receive job offers from the formal and informal sectors and … decide whether to accept them or wait. Only jobs in the formal sector come with unemployment benefits. After incorporating …

bargaining cannot generate the observed volatility in unemployment and vacancy in response to reasonable labor productivity … unemployment and vacancy without resorting to an alternative wage setting mechanism. The monetary authority follows an interest …

This paper studies the role of job-to-job transitions in driving unemployment dynamics. Three stylized facts emerge … the unemployment rate in the UK and US, respectively. Second, these results are not driven by compositional shifts in the …

We estimate trends in the labor force participation (LFP) and unemployment rates for demographic groups differentiated … group trends, we construct trends for the aggregate LFP and unemployment rate. Important drivers of the aggregate LFP rate …. The aggregate unemployment rate trend on the other hand is almost exclusively driven by demographic factors, with about …

market patterns. Poor match quality among first jobs implies large fluctuations in unemployment due to a responsive job …-the-job search, generates a negative comovement between unemployment and vacancies. A significant job ladder, consistent with the … empirical wage dispersion, provides ample scope for the propagation of vacancies and unemployment …

driving this result are pro-cyclical increases in the probability of skill loss during unemployment: these provide incentives …. Compositional changes in the unemployment pool, on the other hand, play a negligible role for empirically plausible rates of skill … depreciation, which imply a relatively slow process compared to the duration of unemployment spells …

bargaining cannot generate the observed volatility in unemployment and vacancy in response to reasonable labor productivity … unemployment and vacancy without resorting to an alternative wage setting mechanism. The monetary authority follows an interest …