We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous …. Empirically, using the 1986-2008 SIPP panels, we document the occupational mobility patterns of the unemployed, finding notably … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a …

destruction of jobs and increased duration of joblessness will ensure that unemployment across the world will continue to rise and … rising unemployment rates, which persist long after the economy is growing again. In the wake of the present downturn, young …

average re-employment probabilities. Living in an area with high local unemployment reduces re-employment chances as does … somewhat if a worker is unemployed in an area with high overall unemployment. …

social insurance system. Supplementary information on establishments and on unemployment periods in which a claimant received …

social insurance system. Supplementary information on establishments and on unemployment periods in which a claimant received …

through changes in job-mobility and employment patterns as well as in job tenure. Finally, we find that adjustments at the …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration … differences in labor mobility and reallocation costs, which are typically ignored in American ?International Trade? textbooks …. Two sets of implications are then derived: on one hand, mobility costs are high in Europe and transitions between steady …

In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment. …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …