Does the search and matching model fit aggregate US labour market data? While the model has become an important tool of … most of the key variables, the negative co-variation of unemployment and vacancies, and the behaviour of the worker job …

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …

underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding … from it, generated by matching. …

Two papers have recently questioned the quantitative consistency of the search and matching models. Shimer (2005) has … argued that a text-book matching model is unable to explain the cyclical variation of unemployment and vacancies in the U …

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

This paper surveys recent work in equilibrium models of labor markets characterized by search and recruitment frictions …

This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible …