unemployment dynamics. The optimal monetary policy prescribes a strong positive response to EE fluctuations, implying that central … banks should distinguish between recovery episodes with similar unemployment but different EE dynamics. …

most likely responsible for a considerable part of European unemployment. …

increase in wage inequality, both between and within skill categories, as well as an increase in unemployment, especially among … low-skill workers. Movements in productivity, unemployment and inequality may thus be linked to induced overeducation and …

unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …

, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … finding, and job filling within each country. This robust set of facts guides and disciplines the development of a theory of … quantitatively rationalizes why differences in job-separation rates have primary importance in inducing differences in unemployment …

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 …

This paper develops a multi-sectorial search and matching model with endogenous occupational choice in a context of …

This paper extends Pissarides (1990)’s matching model by considering two sectors (routine and manual) and workers …

behind both deunionization and polarization. In a search and matching framework with endogenous occupational and endogenous …