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 …

This paper examines the empirical evidence regarding the poor performance of the youth labor market in Spain over the …-education, and low intensity of on-the-job training. It also presents a simple matching model with two types of workers ("educated …

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

groups of workers. This paper builds a simple matching model with heterogeneous workers in order to analyze this feature of …

empirical finding is related to variation in the efficiency of the matching process across occupations. A simple theoretical …

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 …