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

employment and unemployment. We use a model that features both frictions and an operative labor supply margin to examine the … robustness of this feature to the inclusion of a empirically reasonable labor supply channel. The response of unemployment to …

unemployment and an increased labour share of income, variables that remained stable in the US We hypothesize that these changes in …

technology growth and institutional variables affect equilibrium wage inequality, income shares and unemployment. Next, it … – Continental Europe comparison: an embodied technological acceleration interacted with different labour market institutions can … explain a significant part of the differential rise in unemployment and capital share and some of the differential dynamics in …

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