-skilled labor markets, increasing unemployment of native low skilled. Legalization, instead decreases the unemployment rate of low … immigrants, especially illegal ones, have a worse outside option than natives their wages are lower. Hence their presence reduces …

problems in its labor market, reflected in its high long–term and youth unemployment. Our analysis of the drivers of labor …

cyclical volatility of wages. I discuss some extensions of the model that can increase cyclical unemployment volatility through … the model’s failure to match the observed cyclical volatility of unemployment.. Job creation in the model is influenced by … wages in new matches. I summarize microeconometric evidence on wages in new matches and show that the key model elasticities …

We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on … unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted … for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature …

The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by …

that unemployment is due to a lack of aggregate demand and that active labour market policies and demand management can … increased bargaining power of workers leading to increased real wages and hence implications for inflation, and the decline in …

This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the … calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages … and unemployment but increases vacancies. Additionally, the model explains the average level of unemployment insurance …

In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus … market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment …