. Moreover, it is shown that the neglect of endogenous but not observable behavior in the empirical literature on labor matching … leads to systematically biased estimates of the matching elasticities, posing a caveat on the results of previous studies … testing for constant returns of the matching function. The theoretical model presented allows to predict the direction of the …

rates, but in the longerterm only modest effects remain due to higher wages. …

. Moreover, it is shown that the neglect of endogenous but not observable behavior in the empirical literature on labor matching … leads to systematically biased estimates of the matching elasticities, posing a caveat on the results of previous studies … testing for constant returns of the matching function. The theoretical model presented allows to predict the direction of the …

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. Furthermore, pooled regression results show that most recent wages and personal …

This paper shows that a search and matching model with idiosyncratic training cost shocks can explain the asymmetric … movement of the job-finding rate over the business cycle and the decline of matching efficiency in recessions. Large negative … tightness. Our model explains a large fraction of the matching efficiency decline during the Great Recession and generates state …

close relationship exists between wages and labor market transitions as predicted by search theory. However, the noticeable …Equilibrium search theory suggests that the wage distribution in a cross section of workers is closely related to labor … structure in Germany. Motivated by search theory, we use the data to explore descriptively labor market transitions and features …