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all their candidates) only wage mechanisms that allow for ex post Bertrand competition generate the maximum matching on a …
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How the internet affects job matching is not well understood due to a lack of data on job vacancies and quasi …
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their match. We study two prevalent approaches for matching within organizations: Centralized assignment by firm leaders and …
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unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores …
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provides a valid approximation of observed wages and matching patterns for a large part of the data. For low-type workers …
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There is strong empirical evidence for Cobb-Douglas matching functions. We show in this paper that this widely found … underlying mechanisms. Obviously, it can be generated by assuming a Cobb-Douglas matching function. Less obvious, the same … idiosyncratic productivity can explain the observed negative time trend in estimated matching efficiency and asymmetric business …
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matching function. One can easily choose a calibration to make the cyclical fluctuation in unemployment as large in the model … model as it is in the data. We show with a simple analytical calculation that in the standard job matching model, one cannot …
Persistent link: https://www.econbiz.de/10011509369
business cycle model with search and matching frictions. We extend the canonical model by including capital … types. We first find that, the model does a good job at matching the cyclical properties of sectoral employment and the wage …
Persistent link: https://www.econbiz.de/10010477900