consistent with search theory. We apply the technique to eleven countries over various years, and find that incomplete … countries that strongly support unemployment insurance (UI) receive wages closer to their potential, so that doubling UI … decreases incomplete information and results in 5% higher wages. A more dense population reduces search costs leading to less …

labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously …

The Internet has the potential to reduce search frictions by allowing individuals to identify faster a larger set of …

We study the effects of immigration on native welfare in a general equilibrium model featuring two skill types, search … studied, immigration attenuates the effects of search frictions. These gains tend to outweigh the welfare costs of … frictions, wage bargaining, and a redistributive welfare state. Our quantitative analysis suggests that, in all 20 countries …

This paper studies a labor market search-matching model with multi-worker firms to investigate how firms utilize the … the intensive margin accounts for 79% of the variations in total working hours. The model replicates the observed cyclical …

We study the steady state of an overlapping generations economy where singles search for spouses. In our model economy … free parameters: the search friction and the utility share of bearing children. We choose their values to match the median … theory predicts that most of the gender age difference at first marriage will persist even if the gender wage-gap disappears …

This paper analyzes the design of optimal unemployment insurance in a search equilibrium framework where search effort … among the unemployed is not perfectly observable. We examine to what extent the optimal policy involves monitoring of search … effort and benefit sanctions if observed search is deemed insufficient. We find that introducing monitoring and sanctions …