employment effects. We quantify these effects for Germany. Following Borjas (2003), we estimate a structural model of labor …

A large part of the literature on frictional matching in the labor market assumes bilateral meetings between workers … equilibrium search model of the labor market with an endogenous number of contacts between workers and firms. Workers contact … approximately half of the 4.7% loss. There is a potential role for activating labor market policies, because I show that for the …