Moscarini, Giuseppe; Vella, Francis G. - National Bureau of Economic Research (NBER) - 2008
, labor market prospects, and ex post job matching. We provide strong evidence that high unemployment somewhat offsets the … commitments and education, but when unemployment is high these negative effects are weaker, and reversed for college education … (2001)'s frictional Roy model, the sorting of workers across occupations is noisier when unemployment is high. As predicted …