obtain a novel empirical result: when a given firm grows faster it hires workers with higher past wages. These results … empirical findings I develop a search model with heterogeneous workers and firms. The model is the first to study worker …-firm sorting in an environment with worker heterogeneity, firm productivity shocks, multi-worker firms, and search frictions …

Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … a series of estimated shocks from US data into a search and matching model with sticky prices and wages. I compare the … implications of how the sticky wages enter into the hiring decision, and there seems to be a tradeoff between generating business …

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

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …? How are wages determined? What role do labor market dynamics play in explaining business cycles and growth? The survey …

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …? How are wages determined? What role do labor market dynamics play in explaining business cycles and growth? The survey …

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …? How are wages determined? What role do labor market dynamics play in explaining business cycles and growth? The survey …

We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers … wages are determined by continuous bargaining between the firm and its employees. The model generates a non … facts about the joint distribution of firm size, firm growth, and wages in the U.S. economy. We also conduct a numerical …

contrary, we conclude that - because of severe downward nominal wage rigidity - real wages have become more rigid during Sweden …

up once matched. Thus our findings can account for some of the lasting negative impacts on workers forced to search for a …