Elsby, Michael W. L.; Hobijn, Bart; Sahin, Aysegül - 2009
models of the aggregate labor market has been to
assume that the in�ow rate into unemployment is acyclical (Hall [2005a ….
Worker �ows in the U.S. labor market have been well documented (Blanchard and Diamond
[1990], Darby, Haltiwanger, and Plant … observations con�rm the diagnosis that European labor markets are sclerotic in the sense that
they display much lower rates of …