addition to vacancies, as they vary hires. Building from our evidence and a generalized matching function, we construct a new … matching function, delivers a better-fitting empirical Beveridge Curve, and accounts for a large share of fluctuations in … search, matching and hiring in the labor market …

firm and for the manager. A parsimonious model of matching and incentive provision generates an array of implications that … isolation, can instead be interpreted within a simple unified matching framework …

This paper provides a mathematical foundation for independent random matching of a large population, as widely used in … the economics literature. We consider both static and dynamic systems with random mutation, partial matching arising from … search, and type changes induced by matching. Under independence assumptions at each randomization step, we show that there …

We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial … factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less …