This paper revisits the normative properties of search-matching economies when homogeneous workers have concave utility …

that industrial agglomeration improves the quality of the firm-worker matching process. Our method makes use of recent … multiple sources of observed and unobserved heterogeneity we find little evidence that the quality of matching increases with …

labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching …

We argue that using wage data alone, it is virtually impossible to identify whether Assortative Matching between worker … and firm types is positive or negative. In standard competitive matching models the wages are determined by the marginal …

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

In this paper we extend a job search-matching model with firm-specific investments in training developed by Mortensen … framework and the search-matching framework (eg. Pissarides, 1990). Second, it improves the correspondence between the …

Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …