The divergence of unemployment rates between the United States and Europe coincided with a substantial acceleration in … change. The proposed framework offers a novel explanation for the observed divergence of unemployment rates across economies … adoption. The results of the paper challenge the popular, but controversial, view that blames generous unemployment insurance …

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

unemployment rate, using a search and matching model. We incorporate disembodied technological progress and on-the-job search into … faster growth to reduce unemployment by decreasing the separation rate and inducing job creation. We demonstrate that … growth on unemployment. Our quantitative analysis shows that our model increases the magnitude of the negative impact of …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

increased flow into unemployment in a recession is mainly due to reduced hirings, and hence lower job-to-job transitions, rather …

The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in an … search productivity of unemployed is constant over the unemployment spell, benefits should typically increase or be constant …

A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can … potentially explain the unemployment crisis in the Great Depression. The limited responses of wages from credible bargaining to … labor market conditions, along with the congestion externality from matching frictions, cause the unemployment rate to rise …