This paper examines the empirical evidence regarding the poor performance of the youth labor market in Spain over the …-education, and low intensity of on-the-job training. It also presents a simple matching model with two types of workers (?educated …

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 …

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 …

Labor markets in the transition economies of Central and Eastern Europe underwent adramatic transformation. Notably …

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

empirical finding is related to variation in the efficiency of the matching process across occupations. A simple theoretical …