The matching efficiency of the standard matching function is known to follow a pro-cyclical pattern. An observed … rightward shift in the UK's Beveridge Curve after the Great Recession, suggests a decrease in the matching efficiency between … characteristics of unemployed, using the standard aggregate matching function. Consistent with the findings for the US (Barnichon and …

This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their … select a unique separating equilibrium. When the Intuitive Criterion bites and information is purely asymmetric, the …

This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their … select a unique separating equilibrium. When the Intuitive Criterion bites and information is purely asymmetric, the …. -- Signaling ; job markets ; education ; employer learning ; intuitive criterion …

based on grades received at school. It is examined how this matching is affected if good grades are granted to some low …

. -- Wage Rigidity ; Search and Matching Model ; Business Cycle …

hypothesis and how they have been used to quantify the contribution of Job Market Signaling and human capital in measured returns … to education. While the empirical basis is still thin, the results suggest that Signaling contributes at most about 25 …