-theoretic matching model with moral hazard to explain changes in pension structure and job tenure. In our model, a decline in the value …

object that drives decisions in most matching models of the labor market. In this paper, we develop a theory-based empirical …

Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers …

more procyclical and volatile than the probability of a recall. Incorporating this fact into an empirical matching function … significantly alters its estimated elasticity and the time-series behavior of matching efficiency, especially during the Great … Recession. We develop a canonical search-and-matching model with a recall option where new matches are mediated by a matching …