Why is Unemployment so Countercyclical?

B-Tier
Journal: Review of Economic Dynamics
Year: 2021
Volume: 41
Pages: 4-37

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We argue that wage inertia plays a pivotal role in allowing empirically plausible variants of the standard search and matching model to account for the large countercyclical response of unemployment to shocks. (Copyright: Elsevier)

Technical Details

RePEc Handle
repec:red:issued:20-13
Journal Field
Macro
Author Count
3
Added to Database
2026-01-25