Shimer (2005a) claims that the Mortensen-Pissarides search model of unemployment lacks an ampiflication mechanism because it cannot generate the observed business cycle fluctuations in unemployment given labor productivity shocks of plausible magnitude. This paper argues that part of the problem...

This paper presents new empirical evidence on the cyclical behavior of US unemployment that poses a challenge to standard search and matching models. The correlation between cyclical unemployment and the cyclical component of labor productivity switched sign at the beginning of the Great...

There is an enormous literature on gender gaps in pay and labour market participation but virtually noliterature on gender gaps in unemployment rates. Although there are some countries in which there isessentially no gender gap in unemployment, there are others in which the female unemployment...