aggregate productivity shock generates a persistent productivity difference between the two types of matches, creating an …This paper focuses on tenure driven productivity dynamics of a firm-worker match as a potential explanation of … "unemployment volatility puzzle". We let new matches and continuing jobs differ by their productivity levels and by their …

Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding … rate and the unemployment rate? In the model, fluctuations are prominently driven by productivity shocks which are commonly …

A labor matching model with nominal rigidities can match short-run movements in labor's share with some success … to additional shocks beyond monetary policy and productivity shocks. In particular, the model suggests that monetary …. Productivity shocks can account for some of the pattern in labor's share and in employment between the late 1960s and the early …

growth and average productivity growth. Model simulations allow us study the role of dynamic interactions among agents … processes governing the labor market, such as job search by individuals, and matching and bargaining among firms and potential …

builds upon the sectoral shock literature and combines its insights with the standard endogenous separation matching approach …Endogenous separation matching models have the shortcoming that they are barely able to replicate the Beveridge curve …

, rapidly narrowed the productivity gap with advanced economies. In contrast, in countries of the Commonwealth of Independent … States, which embarked on reforms later and contented with less depth, the productivity gap remains substantial. While the …

labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … labor force and rises the share of attached workers. Finally, our theory suggests that contrary to two-state models …

This paper uses the search and matching framework to explore the impact of employed job search on the labour market …