We document a robust set of facts on spatial differences in unemployment, vacancies, and job filling, finding, and separation rates, and develop a theory of the geography of labor market dynamics.

We

We study a model where Becker meets Diamond-Mortensen-Pissarides and Bewley-Huggett-Aiyagari.

The introduction of recall options provides a novel mechanism that reconciles the puzzle of a positive comovement between separation and job finding rate over the life cycle.

This paper aims to quantify the mechanisms and the extent to which parental wage risk passes through to children’s skill development.

The introduction of recall options provides a novel mechanism that reconciles the puzzle of a positive comovement between separation and job finding rate over the life cycle.