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 …

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 …

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 …

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 …

This paper provides a simple matching model in which unemployed workers and employers can be matched together trough … social network or trough more formal methods of search. We show that this crowding-out effect may be socially costly. For …

matching between vacancies and unemployed. We calibrate the model for the Spanish economy and simulate it considering two … and the Beveridge curve. We build a stochastic dynamic general equilibrium matching model, which assumes failures in the …

the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search …