-the-job search is a key component in explaining labor market dynamics in models of equilibrium unemployment.The model predicts … fluctuations of unemployment, vacancies, and labor productivity whose relative magnitudes replicate the data.A standard search and … firms' incentives to post new jobs.Labor market tightness as measured by the vacancy-unemployment ratio is as volatile as in …

inflation and labor market dynamics.In particular, it fails to generate a Beveridge curve: vacancies and unemployment are … market flows to more realistic values.However, inflation dynamics are only weakly affected by real wage rigidity.This is … marginal cost that is relevant for inflation dynamics via the Phillips curve contains a dynamic component that does not …

The development of the unemployment rate di¤ers substantially between OECD countries.In this paper we investigate to …

among firms affects simultaneously growth and unemployment. On the one hand, an increase of the elasticity of substitution …

heterogeneity in wage rigidity, such as the persistence in price and the wage inflation, which a standard New Keynesian model with …

Worksharing is considered by many as a promising public policy to reduce unemployment. In this paper we present a … evidence for the proposition that worksharing would promote employment or reduce unemployment. In an appendix we present an …

The development of the unemployment rate differs substantially between OECD countries. In recent years some countries … experienced a mild increase, other countries had a stable unemployment rate, while there are also 'successful' countries in which … the unemployment rate decreased a lot. A common feature of the successful countries is that they implemented a …

consequence of this distortion is the coming about of wait unemployment, i.e., unemployed queuing for high-paid jobs. Employment …

increases in unemployment. Put differently, if the competitive market wage declines, why don't employers simply force their …