We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform …'s steady state unemployment and that partial and equilibrium effect were nearly of equal importance. In addition, we provide …

's technology choice is embedded in a search theoretic framework for unemployment. More advanced technology is assumed to have a … increase in the unemployment benefit leads to an increase in the equilibrium wage rate, giving an incentive to firms to choose … a more advanced technology. Thus, this result regarding unemployment insurance in models with wage posting carries …

This paper provides robust estimates of the impact of both product and labor market regulations on unemployment using … set of covariates, results show that product market deregulation overall reduces the unemployment rate. This finding is … effect: deregulation of state controls and in particular involvement in business operations tend to push up the unemployment …

life‐cycle wage growth. We show how the wage dynamics of displaced workers are directly informative of both for a large … growth and job‐to‐job mobility, independent of the job‐offer distribution and other labor‐market parameters. Applying our … between 40 to 80% of workers experience no frictional wage growth during an employment spell. Our approach allows us to …

in a search and matching framework with firm entry and exit where salaried firms can adopt digital technologies and the …, greater average firm productivity, a larger formal employment share, and a marginally lower unemployment rate. …

, labor market matching efficiency, and labor market policies are associated with the incidence of long-term unemployment …While unemployment rates in Europe declined after the global financial crisis until 2018/2019, the incidence of long …-term unemployment, the share of people who have been unemployed for >1 year to the total unemployed, remained high. Moreover, the COVID …

This study analyses the lack of robust conclusions about the association between inequality and economic growth. On the … inequality and unequal opportunity. The relative index of inequality of opportunity is used as explanatory variable in the growth … regression equation. To find out the direction of causality, we also estimate inequality equation by taking growth as an …

The Unemployment Insurance (UI) system in the United States has played a decisive lifeline role in effectively … before - despite that the average duration of unemployment had almost doubled in the aftermath of the Great Recession. The … introduce - for example in Europe - a common unemployment insurance scheme for macroeconomic stabilization. …