It has been noted that the search and matching model cannot account for the observed unemployment fluctuations. Gertler … heterogeneity. We find that the new model with even only a small fraction of sticky wage contracts comes closer to matching the data. …

According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when … unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high … unemployment makes it easier to fill vacancies. Instead, there are few vacancies when unemployment is high because there is a low …

I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces …, this change leads to faster growth in output per worker and wages, but it also yields higher unemployment and a lower labor … that deliver a constant steady state unemployment rate in this setting. Labor-saving technical change increases …

We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …

generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform …’s steady state unemployment and that partial and equilibrium effect were nearly of equal importance. In addition, we provide …

This paper assesses wage setting and wage dynamics in a search and matching framework where (i) workers and firms on … growth are negatively correlated with initial wages. …

all their candidates) only wage mechanisms that allow for ex post Bertrand competition generate the maximum matching on a …

business cycle model with search and matching frictions. We extend the canonical model by including capital … types. We first find that, the model does a good job at matching the cyclical properties of sectoral employment and the wage …

consequences of job loss. We further analyze the impact of unemployment insurance and progressive taxation for labor market … dynamics and aggregate economic activity via capital, employment and labor efficiency channels. Lower unemployment benefits or …