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. …

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 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 …

exceed 6 months and their matching rates are highly correlated with the inflow of new vacancies. This job queue …A new methodology is described which tests between various equilibrium theories of unemployment using matching data … identify a matching process using data which is recorded monthly, and also shows how to identify different unemployment …

frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. …

ingredients - labor hoarding, a choice of when to scrap old technologies, and job training or job search - can account for the …

who suffer involuntary layoffs. Matching and search-island models have labour market frictions and incomplete markets. The …

general equilibrium search model with human capital explains how these outcomes arise from the way Europe's higher firing …

employees. This Paper develops a matching model that can explain the link between inter-industry wage differentials and the use … than formal methods (e.g., newspaper ads). In equilibrium, the matching process generates segmentation in the labour market …