Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers … devote to evaluating applicants for jobs is a key factor in the magnitude of the frictions. Unemployment will be low if …-selection by job-seekers, so that they apply mainly for jobs where they are qualified, friction and thus unemployment will be low …

This paper argues that a broad class of search models cannot generate the observed business …-cycle-frequency fluctuations in unemployment and job vacancies in response to shocks of a plausible magnitude. In the U.S., the vacancy-unemployment … ratio is 20 times as volatile as average labor productivity, while under weak assumptions, search models predict that the …

machines, computers, the Internet—which presumably have increased the efficiency of search in the labor market. We explain this … unemployment, vacancies, job-finding and job-loss rates are constant while the search technology improves over time if and only if … increasing returns to scale in search. While declining search frictions do not lower unemployment, they contribute to growth. The …

This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes … market outcomes for a large set of OECD countries. We then ask how models with search improve our understanding of these data …. Our results are mixed. Search models are useful for interpreting the behavior of some additional data series, but search …

effort. The panel structure allows us to observe how search effort evolves within individuals over the unemployment spell. We …The job finding rate of Unemployment Insurance (UI) recipients declines in the initial months of unemployment and then …-message-based survey of unemployed workers in Germany. We surveyed 6,349 UI recipients twice a week for 4 months about their job search …

This paper develops a framework for analyzing unemployment in terms of variations in the nt.imber and distribution of … people becoming unemployed and inindividual probabilities of leaving unemployment. Contrary to the emphasis on exit … the size and distribution of the inflow Into unemployment are the primary determinant of the unemployment rate. Instead of …

of the rise in unemployment explained by occupational mismatch is increasing in the education level … unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the … recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …

unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of … fluctuations in separations and unemployment. We find that the model faces a trade-off--it cannot produce both realistic dispersion … in wage growth across workers and realistic cyclical fluctuations in unemployment …