as the number of job applications that workers send out. The wage distribution and job search intensities are … simultaneously opening more vacancies and increasing participation. A modest binding minimum wage or conditioning UI benefits on …

) themax-mean wage differential. The latter measure of wage dispersion is more robustthan measures based on the reservation … wage, due to the long left tail of the wagedistribution. We estimate this wage differential using data on match quality … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …

max-mean wage differential. The latter measure of wage dispersion is more robust than measures based on the reservation … wage, due to the long left tail of the wage distribution. We estimate this wage differential using data on match quality … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …