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. …

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 …

the first year, due to both an increased likelihood of matching to a lower paying firm and a reduced probability of moving … up once matched. Thus our findings can account for some of the lasting negative impacts on workers forced to search for a …