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

Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on … the role of worker-job matching in development accounting, we build an equilibrium matching model that allows for cross … determine match feasibility; (ii) technology, which determines the returns to matching; and (iii) idiosyncratic matching …

object that drives decisions in most matching models of the labor market. In this paper, we develop a theory-based empirical …, according to which worker and job heterogeneity can each be summarized by scalar indices. We implement our method on US data …