unemployment at large firms are generally found to be more cyclical. However, this stylised fact disappears when the composition of …

. Institutions and other structural factors are also found to be significant and important determinants of the rate of part … markets. Less robust evidence suggests the presence of unemployment traps for some potential part-time workers. Cross …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …

average re-employment probabilities. Living in an area with high local unemployment reduces re-employment chances as does … somewhat if a worker is unemployed in an area with high overall unemployment. …

. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

We show that a stronger earnings relationship of unemployment compensation reduces wages and increases employment in an …-manufacturing wages and a 7.3% reduction in unemployment. …