This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …

or more of the posted wages, i.e. search, before deciding where to apply. Both with homogeneous and heterogeneous forms …, equilibrium wage dispersion is necessary for the economy to approximate efficiency. Without wage dispersion, workers do not search …, and wages are depressed. As a result: (a) there is excessive entry of firms; and (b) because, in the absence of search …

Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small … amount of frictional wage dispersion, i.e., wage differentials among ex-ante similar workers induced purely by search … (reservation) wage paid. We show that in a large class of search and matching models this statistic (the 'mean-min ratio') can be …

We construct and estimate an equilibrium search model with on-the-job-search. Firms make take-it-or-leave-it wage …

This paper surveys recent work in equilibrium models of labor markets characterized by search and recruitment frictions …

Firing-cost-free temporary contracts were introduced in many European countries during the eigthies in order to fight … politically hard to decrease. Temporary contracts have become a prevalent labor market institution in many countries, and with … hindsight it seems uncontroversial that they have failed at decreasing unemployment. Evidence indicates that temporary contracts …

underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …

those vacancies come onto the market. In particular, these workers’ experience average durations of unemployment which …