outside labor market, including especially unemployment, may be irrelevant. The job-seeker's threat point in the bargain is to … otherwise adopts all of the features of the standard Mortensen-Pissarides model, unemployment is much more sensitive to changes …

affect search duration and unemployment: lower search costs make it easier to find a job, reducing search duration and … unemployment, but may also increase the reservation wage, increasing search duration and unemployment. I collaborate with a … costs might lead to picky workers, but fail to ultimately reduce search duration and unemployment. …

and those predicted to face a penalty compared to their pre-unemployment wage display overly optimistic wage expectations …

This paper studies the optimal timing of unemployment insurance subsidies in a McCall search model. Risk-averse workers … sequentially sample random job opportunities. Our model distinguishes unemployment subsidies from consumption during unemployment … stationary search problems, the optimal subsidies are independent of unemployment duration. In contrast, when workers are …