The Dual Beveridge Curve
Federal Reserve Bank of Dallas, Anton A. Cheremukhin, Paulina Restrepo-Echavarría, Federal Reserve Bank of St. Louis · Federal Reserve Bank of Dallas, Working Papers · 2024
This paper proposes a novel dual vacancy model that segments the labor market into separate search processes for unemployed and employed workers and provides a better fit to the data than traditional models assuming a homogeneous market.