We present a picture of the labor market, one with large flows of jobs and workers, and matching. We develop a … determination of wages. We estimate the matching function, using both aggregate data and data from manufacturing and find evidence … of a stable matching process in the data. We examine the joint movements in unemployment, vacancies and wages -the …

The aggregate matching (hiring) function relates gross hires to labor market tightness. Decompositions of aggregate …

unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores …