There is strong empirical evidence for Cobb-Douglas matching functions. We show in this paper that this widely found … underlying mechanisms. Obviously, it can be generated by assuming a Cobb-Douglas matching function. Less obvious, the same … idiosyncratic productivity can explain the observed negative time trend in estimated matching efficiency and asymmetric business …

There is strong empirical evidence for Cobb-Douglas matching functions. We show in this paper that this widely found … underlying mechanisms. Obviously, it can be generated by assuming a Cobb-Douglas matching function. Less obvious, the same … idiosyncratic productivity can explain the observed negative time trend in estimated matching efficiency and asymmetric business …

In the standard macroeconomic search and matching model of the labor market, there is a tight link between the …

In the standard macroeconomic search and matching model of the labor market, there is a tight link between the …

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 …

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 …

negative time trend in estimated matching functions. In addition, the full nonlinear combined model generates highly asymmetric …