A dynamic labour matching economy is presented, in which the unemployed are either entitled to unemployment insurance … (UI) or unemployment assistance (UA), and the employees are either eligible for UI or UA upon future separations … unemployment, while raising UI benefits harms the unemployed on assistance and raises unemployment. Easier eligibility for UI also …

employment prospects. We rely on exact matching to compare workers displaced due to firm closure with similar non …

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …

The Paper examines the time sequencing of UI benefits in a general equilibrium framework, with random matching and … endogenously determined wages. A key feature of the model is that policymakers exploit random matching to produce some assortative … matching through UI policy. The Paper considers a mechanism whereby a declining UI time profile makes unemployed workers …

most effective program to bring down unemployment. Public employment services have some impact while subsidized jobs are … not effective at all. Our theory considers ALMP in the context of a search-matching model. …

We argue that US welfare would rise if unemployment insurance were increased for younger and decreased for older … workers. This is because the young tend to lack the means to smooth consumption during unemployment and want jobs to … accumulate high-return human capital. So unemployment insurance is most valuable to them, while moral hazard is mild. By …

dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour …

workers, that this presumption is in general misplaced: the impact of severance payments on unemployment is qualitatively … unemployment, depending on the union’s coverage of outsiders’ contracts. This prediction finds empirical support in a panel dataset …

We study a number of mechanisms through which an economy can be stuck at a high unemployment equilibrium because a poor … measures that have been undertaken to cure unemployment. The message of the paper is that curing the European unemployment …