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 …

We extend the Diamond-Mortensen-Pissarides model of equilibrium unemployment to incorporate public-sector employment … unemployment rate, on the division of employment between the private and public sectors, and on the distributions of wages in the …

simultaneously determined in market equilibrium. We structurally estimate the search cost distribution, the implied matching …

, the model captures the shapes of the empirically observed age profiles of average wages, the unemployment rate, the … unemployment to employment transition rate, and the employment to employment transition rate. …