This paper analyses the correlation between employment duration, unemployment duration and general skill accumulation …, and both variables are negatively correlated with the duration of unemployment spells. With search frictions, general …

This paper explores the decomposition of equilibrium unemployment into involuntary and frictional components using a … that reflects search frictions. Using standard values of calibrated parameters, we find that the bulk of unemployment is …

In the United States, the aggregate vacancy-unemployment (V/U) ratio is strongly procyclical, and a large fraction of … homogeneous-agent model of equilibrium unemployment theory. I show that endogenous search and worker-side horizontal heterogeneity …

Unemployment Insurance (UI) scheme in which job search requirements are imposed on UI recipients with hyperbolic preferences. We …

Unemployment Insurance (UI) scheme in which job search requirements are imposed on UI recipients with hyperbolic preferences. We …

unemployment entry, optimism decreases job finding by about 8%. This effect weakens over the unemployment spell and eventually … switches sign after about 8 months of unemployment. From then onward, optimism prevents unemployed individuals from becoming … discouraged and thus increases search. On average, optimism increases the duration of unemployment by about 6.5% …

We examine empirically the impacts of labor market policies - in terms of unemployment insurance (UI) and active labor … expected unemployment duration, while improving the quality of the resultant job. Participation in ALMP raises the probability …

unemployment decreases upon offshoring in the presence of perfect intersectoral labor mobility. If, as a result, labor moves to the … sector with the lower (or equal) vacancy costs, there is an unambiguous decrease in economywide unemployment. With imperfect … intersectoral labor mobility, unemployment in the offshoring sector can rise, with an unambiguous unemployment reduction in the non …

This article examines unemployment disparities and efficiency in a densely populated economy with two job centers and … unemployed. Their decisions over job-search are thus typically not optimal and hence the equilibrium unemployment rates are … changes in the workforce distribution have non-negligible effects on unemployment rates, wages and net output. …