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 …

employees. This paper develops a matching model that can explain the link between inter-industry wage differentials and use of …-workers, allowing firms to pay lower efficiency wages. On the other hand, informal search provides fewer job and applicant contacts than … formal methods (e.g., newspaper ads). In equilibrium, the matching process generates segmentation in the labor market because …

develops an equilibrium matching model which can explain these empirical regularities. In this model, the matching process … the labor market search for jobs through formal methods. The split of firms and workers between referrals and formal … search is, however, not necessarily efficient. Congestion externalities in referral search imply that unemployment would be …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

labor market models have a hard time generating the degree of cyclical volatility in unemployment and vacancies that is … studies a dynamic matching model with downward wage rigidity. Like Mortensen and Pissarides (2001) and Jansen (2001), we … surplus of jobs exhibits substantially more cyclical volatility than in standard matching models with transferable utility …