This paper takes a discrete-time adaptation of the continuous-time matching economy described in Pissarides (1990, 2000), and computes the solution to the dynamic planning problem. The solution is shown to be completely characterized by a first-order, non-linear map. We show that the map admits...

I construct a simple gravity model of migration that explains the majority of variation in Mexico-US bilateral migrant stock sizes at the relatively localized state-state level. Relying on a novel dataset that permits the linking of Mexican migrants' US states of residence with Mexican states of...

This paper analyzes the impact of international trade on the equilibrium rate of unemployment and economic welfare in a three-sector small open economy. While tradeables sectors have search-theoretic unemployment, the labor market of the nontradeables sector has no matching friction, which leads...