job applicants by employment status affects both the level and the persistence of unemployment and numerically that these …We formulate an efficiency wage model with on-the-job search where wages depend on turnover and employers may use … information on whether the searching worker is employed or unemployed as a hiring criterion. We show theoretically that ranking of …

employment status affects both the level and the persistence of unemployment and numerically that these effects are substantial …We formulate an efficiency wage model with on-the-job search where wages depend on turnover and employers may use … information on whether the searching worker is employed or unemployed as a hiring criterion. We show theoretically that ranking by …

employment status affects both the level and the persistence of unemployment and numerically that these effects are substantial …We formulate an efficiency wage model with on-the-job search where wages depend on turnover and employers may use … information on whether the searching worker is employed or unemployed as a hiring criterion. We show theoretically that ranking by …

This paper investigates the consequences of skill loss as a result of unemployment in an efficiency wage model with … turnover costs and on-the-job search. Firms are unable to differentiate wages and therefore prefer to hire employed searchers …, this will result in a lengthy adjustment process with substantial long run unemployment effects. Moreover, the model is …

employment status affects both the level and the persistence of unemployment and numerically that these effects are substantial …We formulate an efficiency wage model with on-the-job search where wages depend on turnover and employers may use … information on whether the searching worker is employed or unemployed as a hiring criterion. We show theoretically that ranking by …

. -- Unemployment ; labor market search ; job flows ; labor share ; inflation ; productivity shocks ; monetary shocks …

sharply in recessions but decline gradually in booms. The frequency, severity, and persistence of unemployment crises in the …A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can … potentially explain the unemployment crisis in the Great Depression. The limited responses of wages from credible bargaining to …