We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs …. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …

, all of which help to ameliorate labor market frictions. In this paper we investigate the extent to which these search … employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …-sided heterogeneity, multiple search channels and endogenous recruitment effort. The estimation reveals that networks are the most cost …

, all of which help to ameliorate labor market frictions. In this paper we investigate the extent to which these search … employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …-sided heterogeneity, multiple search channels and endogenous recruitment effort. The estimation reveals that networks are the most cost …

unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …

unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …

mobility or mobility shocks, we propose a multi-sector business cycle model with on-the-job search and endogenous occupational …

mobility or mobility shocks, we propose a multi-sector business cycle model with on-the-job search and endogenous occupational …

I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor … market sorting, and aggregate shocks. In response to a positive productivity shock, incentives to sort increase …. The distribution of unemployment worker types adjusts slowly, which amplifies job creation in the short run. In the long …

We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs …. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …

market, on average and over the business cycle. -- unemployment ; business cycle ; search ; endogenous separations …We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously …