We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … movements in GDP, unemployment, vacancies, and wages in the period from 2007 until 2011. We show that contractionary financial … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial …

A labor market with search and matching frictions, where wage setting is controlled by a monopoly union that follows a …

This paper studies the optimal redistribution of income inequality in a model with search and matching frictions in the … labor market. We study this problem in the context of a directed search model of the labor market populated by homogeneous … unemployment benefit serves the purpose of lowering the search risk faced by workers. The increasing and regressive labor tax …

We incorporate reference-dependent worker behavior into a search-matching model of the labor market, in which firms …

unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores …

We develop an empirical search-matching model which is suitable for analyzing the wage, employment and welfare impact … wage determination and employment which extends the current literature on equilibrium wage determination with matching and … productivity shocks, long-term contracts, on-the-job search and counter-offers. Importantly, the model allows for the possibility …

, matching can occur (inefficiently) early only when there is comparable demand and supply: a surplus of applicants, but a …