job applicants by employment status affects both the level and the persistence of unemployment and numerically that these ….) could potentially help to explain the high and persistent unemployment in Europe. …

model with search and matching frictions in the labor market. Our results arise for empirically plausible parametrizations …

This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend … components of the underlying unemployment flows, which in turn imply a time varying estimate of the unemployment trend, the …

unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor … the number of unemployed are not very important. Matching frictions are more important for employment during booms than …

This paper investigates the consequences of skill loss as a result of unemployment in an efficiency wage model with …, this will result in a lengthy adjustment process with substantial long run unemployment effects. Moreover, the model is …

This paper assesses whether labor market frictions, in the form of searching and matching, can help explain movements …

-the-job search is a key component in explaining labor market dynamics in models of equilibrium unemployment. The model predicts … fluctuations of unemployment, vacancies, and labor productivity whose relative magnitudes replicate the data. A standard search and … matching model suggests much lower volatitilities of these variables. Intuitively, in a boom, rising search activity on the job …

. Consequently, entrant workers have lower job-finding rates and longer unemployment durations than the unemployed who have looked …

We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market …

In this paper, we study the relative importance of demand and supply factors for hiring. We use a search-matching model …