in a search and matching framework with firm entry and exit where salaried firms can adopt digital technologies and the …, greater average firm productivity, a larger formal employment share, and a marginally lower unemployment rate. …

economies (EMEs) by building a framework with equilibrium unemployment and firm entry that incorporates key elements of the …-employment, labor participation, and unemployment. As a result, the tax generates output and welfare losses. Green technology adoption …

This paper studies the effect of mandated severance pay in a matching model featuring wage rigidity for ongoing, but …

Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …. The European unemployment problem emerged in the 1980s and 1990s, as Beveridgean full employment gaps increased. In the …

The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We …, tighter credit leads to lower output, lower number of vacancies, and higher directed-search unemployment. Where workers are …

Private consumption demand falls in response to increased unemployment risk during a recession, as households increase … unemployment risk is more important than realized unemployment shocks in accounting for durable expenditure dynamics during … recessions, while the opposite is true for nondurables. The importance of anticipation of future unemployment risk also means …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …

This paper develops a search and matching model where firms and workers are allowed to form matches (jobs) that can be …