This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under … stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option …

This paper considers a matching model with heterogenous jobs (unskilled and skilled) and workers (low and high …

firms differ in their productivities. Wages are dispersed because of search frictions and workers' productivity … worker productivity differentials, frictional wage dispersion and workers' sorting dynamics. I calibrate the model using a … important as workers' productivity differentials. Differences in firms' productivities are also an important source of wage …

provide a framework with microeconomic foundations that give rise to matching frictions, which can be used to understand the … indeed, more frequently used aggregate matching technology. Existing differences turn out to be crucial for the empirical …

assessment of the assortative matching patterns arising in the period 1996-2005 controlling for firms and individual … characteristics. We find strong differences between men and women in assortativity. While positive assortative matching in job …

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