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 labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …

Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool …

standard search and matching model of unemployment, which shows that two curves – the Beveridge curve (BC) and the Job Creation …

The paper sheds light on developments in labour market matching in the EU after the crisis. First, it analyses the main … vacancy-unemployment relationship from structural shifts affecting the efficiency of labour market matching. Second, it … explores the main drivers of job matching efficiency, notably with a view to gauge whether mismatches became more serious …