costs influence insider wages and outsiders’ opportunities and how these costs affect employment and unemployment. We also … address the more complex, and open, question of how employment and unemployment move through time, in response to labor market …

This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under … stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option …

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

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 …

We analyze how wage setting institutions and job-security provisions interact on unemployment. The assumption that … wages are renegotiated by mutual agreement only is introduced in a matching model with endogenous job destruction à la … are not any more neutral, as in the standard matching model where wages are continuously renegotiated: In our framework …

the 1990-2004 period affect unemployment as well as the employment and average wages of workers in different sectors of … wage may increase unemployment. There are no discernable effects of minimum wages on the wages of workers in small-firms or …

Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …

. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …