that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in … performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … opposite directions while a shock to the net flow from not in the labour force to unemployment drives the rates in the same …

margin since it is driven by flows from permanent wage employment to unemployment. We also show that older, non-Latvian and …

poor re-employment outcomes …

Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … extensive-margin labor supply elasticity. A calibration of the model to macro data not only matches employment and participation …

participation. A model that is calibrated to replicate the variability of unemployment and participation, and the negative … correlation of unemployment and GDP, implies an aggregate labor supply elasticity along the extensive margin of around 0.3 for men …

from the Current Population Survey (CPS), we decompose differences in employment status transition rates between economic … role for the cyclicality of the unemployment outflow rate, although the contribution of the duration of unemployment is … significant. In contrast, composition effects dampen the cyclicality of the unemployment inflow rate considerably. We further …

establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …

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

The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly … sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued … area which is particularly relevant for Australia. This paper attempts to fill this void by estimating a multi …

contribution of the two transition rates to the volatility of unemployment, whereas the search shock implies a disproportionate …In this paper, we aim to provide a comprehensive view of the unemployment dynamics generated by different structural … shocks. We show that the relative contribution of the job finding and separation rates to the unemployment dynamics depends …