This paper studies the role of labor market institutions on unemployment and on the cyclical properties of job flows …. We construct an intertemporal general equilibrium model with search unemployment and endogenous job turnover, and examine … the consequences of introducing an unemployment benefit, a firing cost and a downward wage rigidity. The simulations …

simulated to evaluate the impact of various types of shocks. The model reproduces quite well the unemployment rate changes and …

relationship. The model reproduces quite well the producivity slowdown puzzle, the unemployment rate evolutions and the relative …

types of workers and with search unemployment. The model is calibrated and simulated to examine the interactions between the … observed unemployment changes. …

facts observed in many EU countries since the mid-seventies: (i) the increase in the overall unemployment rate; (ii) the … difference between high-skilled and low-skilled unemployment; (iii) the stability of relative wages. This paper focuses on these … well the unemployment rate changes and the relative wage stability observed over the past two decades …

of the labor force, between-groups wage inequality and the level of unemployment. The main result is that a labor market … force, there is higher unemployment among low-experience workers, they do not accumulate enough on-the-job human capital …