We study the effect of diminishing search frictions in markets with adverse selection by presenting a model in which …

A large part of the literature on frictional matching in the labor market assumes bilateral meetings between workers … equilibrium search model of the labor market with an endogenous number of contacts between workers and firms. Workers contact … estimated parameter values welfare is improved if unemployed workers increase their search intensity. -- labor ; search …

Much of the job search literature assumes bilateral meetings between workers and firms. This ignores the frictions that … search model with an endogenous number of contacts. Workers contact firms by applying to vacancies, whereas firms contact … equilibrium welfare is improved if unemployed workers increase their search intensity. -- Directed Search ; Recruitment ; Stable …

coordination frictions. Specifically, we consider a search model where workers can apply to high and or low productivity firms … matching rate in the high-productivity sector can then be realized with fewer applications (and consequently fewer coordination … to both sectors. For many configurations, the equilibrium outcomes are the same under directed and random search so our …

We investigate the effect of search frictions on labor market sorting by constructing a model which is in line with …

We investigate the effect of search frictions on labor market sorting by constructing a model which is in line with …

We investigate the e↵ect of search frictions on labor market sorting by constructing a model which is in line with …