. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …

. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion for the US is consistent with an unemployment rate of 4 …

We examine how technological change affects wage inequality and unemployment in a calibrated model of matching … that, in the model calibrated to the U.S. economy, both unemployment and vacancy durations are very short, i.e., the …

Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small …