are intended for. Implications on wage inequality are examined. …

A large part of the literature on frictional matching in the labor market assumes bilateral meetings between workers … and firms. This ignores the frictions that arise when workers and firms meet in a multilateral way and cannot coordinate … their application and hiring decisions. I analyze the magnitude of these frictions. For this purpose, I present an …

are intended for. Implications on wage inequality are examined. …

We analyze the impact of information frictions on workers' wages, contributing to the literature that tested search … theory, which has so far focused on labor market frictions in general and not specifically on information asymmetries. Using …

We analyze the impact of information frictions on workers' wages, contributing to the literature that tested search … theory, which has so far focused on labor market frictions in general and not specifically on information asymmetries. Using …

generates a spread between interest rates on loans and on deposits, which naturally reflects the efficiency of financial … low inflation. Hence, if monetary policy is sufficiently tight then banks end up reducing aggregate efficiency, soaking up …