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 … residence, which might be the benchmark respondents have in mind when reporting their perception of the national unemployment …

minimum wages when firms are financially constrained. We introduce financial frictions into a search and matching labor market … model with stochastic job matching, imperfect information, and endogenous effort. In line with the empirical literature, the …

This paper studies the employment and reallocation effects of minimum wages in Germany in a search-and-matching model … to avoid elevated unemployment rates during the transition. …

simultaneously determined in market equilibrium. We structurally estimate the search cost distribution, the implied matching …

unemployment is a non-monotonic function of the minimum wage level. Effects differ strongly by labour market segment. Cross …