Many labor market models use both idiosyncratic productivity and a vacancy free entry condition. This paper shows that these two features combined generate an equilibrium comovement between matches on the one hand and unemployment and vacancies on the other hand, which is observationally...

The linked employer-employee dataset of the IAB (LIAB) is created by matching the data of the IAB establishment panel and the process-produced data of the Federal Employment Services (in particular the IAB). The distinctive feature of these data is the combination of information about...