both the vacancy- unemployment ratio and employment. We show that the standard version of the Mortensen-Pissarides matching … the matching model with sunk costs, vacancies react sluggishly to shocks, leading to highly realistic dynamics. …

I study the consequences of heterogeneity of skills for the design of an optimal unemployment insurance, using a … during unemployment due to depreciation of skills and increases on the job because of learning by doing. Any insurance … contract, periods of unemployment are characterised by declining benefits. Agents are further punished for long unemployment by …

I estimate a life cycle model of consumption choice with unemployment risk. Employed individuals face the risk of …. Following the loss of a job and during unemployment, an agent’s productivity declines. Using micro data, I estimate the … estimated model is used to perform policy simulations that highlight the relationship between the unemployment insurance scheme …

, unemployment exhibits persistence in the sense of duration dependence: the probability of obtaining a job decreases in the length …

In this paper, the effects of alternatives to finance unemployment benefits on employment and wages are examined in a … model with search generated equilibrium unemployment. It is demonstrated that employment improves if a value--added tax is …

This paper provides a simple matching model in which unemployed workers and employers in large firms can be matched … increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …

necessary induce stickiness in unemployment dynamics. Our endogenous matching technology shows that the effects of networks on …We provide a matching model where identical workers are embedded in ex- ante identical social networks. Job arrival … distribution of unemployment rates across networks. We emphasize that wage dispersion arises endogenously as the consequence of the …