We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of …

labor supply elasticity. For this purpose, we extend the standard labor market matching model to allow for endogenous … correlation of unemployment and GDP, implies an aggregate labor supply elasticity along the extensive margin of around 0.3 for men … and 0.5 for women. This is in line with recent micro-econometric estimates. -- matching models ; labor market …

reproduce the volatility of the job finding rate. Moreover, the matching model embeds other non-linearities which alter the …

A body of recent empirical work has found strong evidence that the labor elasticity of supply to the firm is finite … inter-war period, we are able to estimate the elasticity of supply to the firm during several recessions and expansions. Our … analysis suggests that the elasticity is indeed lower during recessions, consistent with the comparative statics from the …

macroeconomics and labor economics. Several models like e.g. matching models with endogenous job destruction explicitly predict an …, which is consistent with the pattern implied by matching models with endogenous job destruction. …

This paper shows that the matching function and the Beveridge curve in the United States exhibit strong nonlinearities … over the business cycle. These patterns can be replicated by enhancing a search and matching model with idiosyncratic …

model capture the possible shifts in the three conditions determining labor market equilibrium in any matching models … a shock to the efficiency of the matching process (search shock). The two former shocks generate a quite balanced …