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 …

This paper analyses the efficiency of the equilibrium allocation in a matching model with two types of workers and jobs …

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 …

This paper provides a simple matching model in which unemployed workers and employers in large firms can be matched …

We provide a matching model where identical workers are embedded in ex-ante identical social networks. Job arrival rate … do not necessary induce stickiness in unemployment dynamics. Our endogenous matching technology shows that the effects of …

-country, two-sector search and matching DSGE model, we analyze the impact of labor market reforms on the transmission of …