This paper examines the labour market matching process by distinguishing its two component stages: the contact stage … account for important empirical regularities that the conventional matching model cannot. …

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 …

the effects of temporary and permanent sector-specific shocks in a New Keynesian matching model. We show that temporary …

We build a RBC endogenous separation matching model and introduce efficiency wages along the lines of Akerlof (1982 …). While the standard endogenous separation matching model reveals shortcomings in explaining correlations and volatilities … consistently enhance the performance of the (endogenous separation) matching model …

which labor markets are characterized by search and matching frictions. We first investigate to which extent a more flexible …

model match formation. We use German administrative labor market data to show that the matching function correlation solely … based on idiosyncratic productivity and free entry is very close to the empirical matching function. Consequently, we argue … that standard matching function estimations are seriously biased if idiosyncratic productivity plays a role for match …

theory. Real wage rigidities do not seem to play much of a role. This result is in line with our employed labor market model …, but stands in stark contrast to the search and matching model. While labor market institutions have a large effect on …

build on a partial equilibrium search and matching model and expand the model to a general equilibrium model with sticky … sticky price model outperforms the staggered wage model in terms of matching volatilities, while the combination of both …