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...

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...

In dem vorliegenden Beitrag wird die Hypothese der Mismatch-Arbeitslosigkeit anhand von qualifikationsspezifischen Beveridge-Kurven für Westdeutschland untersucht. Die Ergebnisse zeigen dabei, dass das Mismatch für die Gruppe der Geringqualifizierten sehr viel höher ist als für die Gruppe...

Die vorliegende Arbeit befaßt sich mit den Effekten beruflicher Weiterbildung auf die Entlassungswahrscheinlichkeit und die Wahrscheinlichkeit eigenmotivierter Kündigungen westdeutscher Arbeitnehmer. Als Datengrundlage dient das Sozio-oekonomische Panel (SOEP) 1984?1999. Zur Berücksichtigung...

Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching models while preserving individual rationality. I evaluate the quantitative implications of such an approach. I feed through a series of estimated shocks from US data into a search...

In this paper, I discuss three sets of links which I uncover in the data on aggregate US job and worker flows. Job flows are strongly related to aggregate employment growth, while worker flows are strongly related to employment growth and the unemployment rate. I show that a simple frictionless...

I develop a model of endogenous economic growth and search and matching frictions in the labor market. I study the effect of trade liberalization between two identical economies on unemployment. I solve for two versions of the growth model, the first one where trade liberalization has only a...

This paper analyzes the effects of short-time work (i.e., government subsidized working time reductions) on unemployment and output fluctuations. The central question is whether the rule based component (i.e., the existence of the institution short-time work) and the discretionary component...

Der vorliegende Beitrag untersucht die Auswirkungen der geplanten Reformen der Arbeitslosenversicherung im Zuge der Agenda 2010 auf die individuellen Reservationslöhne der Arbeitslosen und auf die Übergangsraten in Arbeit. Dabei wird ein dynamisches Suchmodell entwickelt, auf dessen Basis...

This paper investigates the reservation wages of unemployed persons on the basis of a job-search model with non-static reservation wages using panel data from Germany from 1987 to 1998. The results suggest that reservation wages are relatively high in Germany compared to other countries....