The paper presents a tractable general equilibrium model of search unemployment that incorporates absence from work as … among nonemployed individuals interact with their search decisions and trigger movements into and out of the labor force …

We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect …

their search strategies in strong versus weak markets. The 1987 academic market was strong while the 1997 market was much … weaker. A multimarket theory of optimal search suggests that job seekers will respond to a weakening market by lowering their … reservation utility. This in turn affects their search strategies at the extensive margin (which markets to enter) and the …

, both employed and unemployed, search for better paid job opportunities. Different firms typically offer different contracts …. Workers accumulate general human capital through learning-by-doing. With on-the-job search, a worker's wage evolves …

This paper revisits the normative properties of search-matching economies when homogeneous workers have concave utility … and second when search effort is not observable. To decentralize these optima, employees should be unable to extract a …

The paper presents a tractable general equilibrium model of search unemployment that incorporates absence from work as … among nonemployed individuals interact with their search decisions and trigger movements into and out of the labor force …