. The aim of the paper is to analyse the transitional dynamics of unemployment and vacancies when financial constraints are … describes the transition path of unemployment and vacancies to their steady state values. We show that the transition path … downward sloping. This implies unemployment and vacancies adjust in opposite directions as observed in the data. When …

received a brochure that informed them about job search strategies and the consequences of unemployment, and motivated them to … individuals who exhibit an increased risk of long-term unemployment. For this group, the brochure increases employment and …

unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …

pattern of searchunemployment does not match observed unemployment and we propose a new conceptof 'voluntary' unemployment …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

unemployment rate and the actual unemployment rate in the country, which is a meaningful indicator of their misperception of labor … model includes: controls for the worker's ability; country-specific fixed effects; the unemployment rate in the region of … residence, which might be the benchmark respondents have in mind when reporting their perception of the national unemployment …

received a brochure that informed them about job search strategies and the consequences of unemployment, and motivated them to … individuals who exhibit an increased risk of long-term unemployment. For this group, the brochure increases employment and …

the unemployment spell. This is confirmed by complementary analysis with individual survey data suggesting that online job … search leads to additional formal job interviews after a few months in unemployment. …