Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool … high volatility of most of the key variables, the negative co-variation of unemployment and vacancies, and the behavior of …

Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool … most of the key variables, as well as the negative co-variation of unemployment and vacancies. It offers a workable …

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …

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 …

bargaining in the matching process from the employer's side. We show that both modes of wage determination coexist in the German …

selling their production and this affects their decisions to create jobs. Due to search-frictions on the product market … their Competitive Search Equilibrium values, the unemployment rate is minimized. Yet, the Competitive Search Equilibrium is …

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the …