Adrien's job market paper shows that the job-losing-rate is responsible for most of the spatial differences in unemployment and develops a dynamic theory of spatial geography that features equilibrium ...

Yet the very existence of unemployment seems to imply that in labor markets around the world, the demand for and supply of labor fail to reach an equilibrium. Do labor markets continually fail? But ...

(See “Back to Basics: Supply and Demand,” F&D, June 2010.) Yet the very existence of unemployment seems to imply that in labor markets around the world, the demand for and supply of labor fail to ...

They argue that it is the combination of a generous welfare system and aggregate shocks that is to blame for high European unemployment rates. Moen extends the Mortensen- Pissarides model by ...