[eng] This article seeks to assess the contribution of a non-Walrasian model of the labor market to an analysis of economic dynamics. We begin by discussing our model’s capacity to reproduce a labor volatility comparable to that of GDP , a lesser volatility of real wages, and the acyclical...

Our paper seeks to gain insights into the effects of labor-market institutions on the dynamics of the labor market, during the diffusion process of new technologies. Because these institutions differ between Europe and the United States, we expect the dynamics of the labor market to also diverge...

In this paper, we develop a matching model where firms invest in transferable human capital. Workers are endowed with heterogeneous abilities and, as a result of economic turbulence, can undergo a depreciation of their human capital during unemployment spells. Firms take inefficient training...

This paper extends the job creation–job destruction approach to the labor market to take into account a deterministic finite horizon. As hirings and separations depend on the time over which investment costs can be recouped, the life-cycle setting implies age-differentiated labor-market flows....

[eng] Job-search theory has enjoyed a significant revival, . boosted by the work of Burdett and Mortensen (1998), who highlighted the fact that employees'on-the-job search behaviour influences the competition which makes itself felt, by way of salaries, between compa nies. The equilibrium is...

This paper develops an on-the-job search model with wage posting where unemployment benefits are proportional to past wages. We emphasize that this contributes to increasing the reservation wages of unemployed workers and introduces a feedback effect of the distribution of wages on the...