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 …

relative wages of job-to-job movers over a similar period. We develop a search model in which firms may offer tenure …-based contracts like DB pensions to reduce the incidence of costly on-the-job search by workers. Reduced search costs can, under … fairly general conditions, lower the value of deterring search and the use of DB pensions. …

selling their production and this affects their decisions to create jobs. Due to search-frictins on the product market … their Competitive Search Equilibrium values, the unemployment rate is minimized. Yet, the Competitive Search Equilibrium is …

separations, matching, and unemployment over the business cycle. Separating from employment when unemployment duration is long is …

This paper introduces a notion of fir m size into a search and matching model with endogenous job destruction. The … negative comovement of unemployment and vacancies in the form of the Beveridge curve; and d) the dynamics of the distribution …

Recession. We develop a canonical search-and-matching model with a recall option where new matches are mediated by a matching … more procyclical and volatile than the probability of a recall. Incorporating this fact into an empirical matching function … significantly alters its estimated elasticity and the time-series behavior of matching efficiency, especially during the Great …