density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the … of the unemployment rate. Our novel contribution is the estimation of panel models where we allow for heterogeneous … effects of institutions on unemployment. Our main results are that on the average a tighter employment protection, a higher …

This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms' financial … conditions, and, in turn, firms' financial conditions feedback again to the real economy. The unemployment accelerator builds on … in labor and financial markets. We provide compelling micro-evidence of the unemployment accelerator: a 10% increase in a …

It has been noted that the search and matching model cannot account for the observed unemployment fluctuations. Gertler …

Beschäftigungsentwicklung. Wenn es aber wieder einmal zu einer Rezession kommt, wie sehr kann man sich dann auf den deutschen Arbeitsmarkt …

unemployment that are in line with the data …

Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about … the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of … unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores …