build on a partial equilibrium search and matching model and expand the model to a general equilibrium model with sticky … sticky price model outperforms the staggered wage model in terms of matching volatilities, while the combination of both … rigidities matches the data reasonably well. -- Search and Matching ; Staggered Wages ; Sticky Prices …

We build a RBC endogenous separation matching model and introduce efficiency wages along the lines of Akerlof (1982 …). While the standard endogenous separation matching model reveals shortcomings in explaining correlations and volatilities … consistently enhance the performance of the (endogenous separation) matching model. -- Efficiency Wages ; Endogenous Separations …