labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching …This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …

contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring … and always gives rise to over-employment. In this paper, we try to reconcile the approaches. A simple matching model with … employment compared to the efficient allocation than in the standard search-matching model. …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring … matching model with large firms and diminishing marginal productivity of labor allows us to show that the two limit cases … frequently over-employment compared to the efficient allocation than in the standard search-matching model. …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …

matching and a variety of methods using propensity score matching. In each case, we consider estimates based on levels of post … propensity score matching is generally most effective, but the detailed implementation of the method is not of critical …

part of the industrial policy. We use a matching technique combined with a difference-in-differences estimator in the …

, academic standing, or financial integrity. At their most forceful, LMIs such as labor unions and centralized job matching …

With the growth of the Internet, online job portals have become an important medium for job matching. This paper …