in the net wage caused by more vacancies per unemployed worker. …

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 …

outflows. Yet to obtain the full decrease in registered male unemployment, we need to account for the effect of wage moderation …. A calibrated Diamond-Mortensen-Pissarides model suggests that wage moderation is at most half as strong as the …