labor rationing. We show that this critically depends on how labor rationing is distributed among workers. A necessary …

-skilled occupations such as managers, professionals, technicians and associate professionals, and clerical support workers, while it is …

as the number of job applications that workers send out. The wage distribution and job search intensities are … socially optimal distribution of job search intensities. From a social point of view, too few workers participate in the labor …

combines information on individual firmsand their workers. We are in particular interested in whether the lay-offpolicy of … firms can explain the relatively high level of unemployment amongstlower educated workers and the relatively strong … over the cycle in the lay-off rate of workers with a lowerlevel of education compared to that of workers with a higher …