We consider a labor market search model where, by working longer hours, individuals acquire greater skills and thereby … longer hours. By contrast, a higher probability of losing jobs, a longer duration of unemployment, and in general a less …

links between unemployment and human capital accumulation and shows that when technology choice is endogenized, search …This paper shows that search in the labour market has important effects on accumulation decisions. In a labour market … characterized by search, employment contracts are naturally incomplete and this creates a wedge between the rates of return and …

This paper presents a model in which firms and workers must engage in costly search to find a production partner. In … this setting the skill, job and wage distributions and their evolutions are endogenized. The presence of search frictions …

newspaper. Unemployment occurs in occupations that are short on vacancies. New vacancies are created by entrepreneurial search …This paper considers an equilibrium model of unemployment in a labour market where all vacancies are advertised in a … unique rational expectations equilibrium is shown to exist. The unemployment-vacancy dynamics are consistent with so …

underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

This paper surveys recent work in equilibrium models of labor markets characterized by search and recruitment frictions … and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage … policies on wages and unemployment. …

calibrating a life cycle model with unemployment risk and endogenous search effort, we find that allowing unemployment replacement …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 …

with search-matching frictions. Job creation entails some fixed costs, but existing jobs are subject to diminishing returns …

We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity …. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies …

This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the United … change increases skilled wages, reduces unskilled wages and increases the unemployment rate of both skilled and unskilled … implication which distinguishes this theory from others is derived and some evidence in support of this implication is provided. …