in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …

in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …

, immigration, unemployment, equalizing differences, and institutions in the labor market. There is particular emphasis on the …

raising unemployment benefits in a model with endogenous job destruction and skill mismatch leads to a longer expected … duration of post-unemployment job matches. On the other hand, an increase in skill mismatch in the aggregate production … function lowers the level of unemployment in an economy with high unemployment benefits. The third chapter empirically …

of labor market transitions among formality, informality, unemployment, and inactivity. The flow into informality from … unemployment is the main force accounting for persistence, which suggests that informality is a temporary shelter from joblessness …