This paper analyses job seekers' perceptions and their relationship to unemployment outcomes to study heterogeneity and … finding rates, accounting for almost all of the observed decline in job finding rates over the spell of unemployment. Moreover … unemployment. The biases can explain more than 10 percent of the incidence of long-term unemployment …

either the official unemployment rate or alternative measures of labor market underutilization. Modest amounts of …

flow value of unemployment …

unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the … recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share …