mechanisms that allow for ex post Bertrand competition generate the maximum matching on a realized network. -- efficiency …When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … friction affects network formation, while the second coordination friction affects network clearing. We show that those …

with theory, establishments with more procyclical wage movements over the business cycle have a more countercyclical hires …

I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor …

According to search and matching theory, a greater availability of unemployed workers should make it easier for a firm …

According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when …

unemployment rate, on the division of employment between the private and public sectors, and on the distributions of wages in the …

-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …

We examine the matching process using monthly panel data for local labour markets in Sweden. We find that an increase …