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

Does the search and matching model fit aggregate US labour market data? While the model has become an important tool of …

expected benefits of being search active and engaging in costly labour market search. In contrast to models with constant … labour force participation, the model that we analyse induces a symmetry in firms' and workers' search decision since both … sides of the labour market vary search effort at the extensive margins. We show that this set-up is (a) of considerable …

frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance …

The potential distortions of job-search incentives caused by unemployment benefits and their financing are well known …

who suffer involuntary layoffs. Matching and search-island models have labour market frictions and incomplete markets. The …

relatively choosier at the beginning of their unemployment spell. Hence they tend to continue to search unless a sufficiently …

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 …

with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by identical … the unemployment insurance and the optimal search behavior of the unemployed gives rise to a self-reinforcing mechanism …