wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

poor re-employment outcomes. …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …

unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …

unemployment that are in line with the data. …

others cycle repeatedly in and out of employment. This paper explores the economic consequences of such heterogeneity. Using …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … separate from employment and endogenously reallocate between markets, in response to changing aggregate and local conditions … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a …