-education, and low intensity of on-the-job training. It also presents a simple matching model with two types of workers ("educated …

-education, and low intensity of on-the-job training. It also presents a simple matching model with two types of workers ('educated …

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

model match formation. We use German administrative labor market data to show that the matching function correlation solely … based on idiosyncratic productivity and free entry is very close to the empirical matching function. Consequently, we argue … that standard matching function estimations are seriously biased if idiosyncratic productivity plays a role for match …

This paper provides a microeconomic model of matching which implies that the standard, reduced form approach, is … misspecified. A simple model is analysed (with help-wanted/employment-needed advertising) where the matching rate depends not only …

We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the …

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …