both the vacancy-unemployment ratio and employment. We show that the standard version of the Mortensen-Pissarides matching … the matching model with sunk costs, new job openings react sluggishly to shocks, leading to highly realistic dynamics …

A matching model with labor/leisure choice and staggered bargaining is used to explain (i)differences in GDP per hour …

This paper introduces risk averse workers into a search and matching model and considers the quantitative performance … search and matching models. … in unemployment and vacancies but also wages, is the drop in consumption for the unemployed. In addition, explaining the …

Shimer (2005) showed that a standard search and matching model of the labor market fails to generate fluctuations of … unemployment and vacancies of the magnitude observed in US data in response to shocks to average labor productivity of plausible … response of unemployment and vacancies to a shock to average labor productivity. In light of these properties, cast in terms of …

I reconcile macro- and micro-evidence on price-setting in a search and matching framework. Negotiation of wages …

search with observed U.S. time series measures on employment, vacancies, and aggregate output to uncover the cyclical … inversely related to the degree of mismatch in the pool of searching workers and vacancies, given numbers of each, and identify … its movements as scalar shifts in the standard matching function. Given that the model exactly reconciles observed net …