This paper adds a quasi-network to a search model of the labor market. Fitting the model to an average unemployment … rate and to other moments in the data implies the presence of the network is not noticeable in the basic properties of the … unemployment and job finding rates. However, the network creates downward sloping reemployment hazards which the basic model does …

I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor …

According to search and matching theory, a greater availability of unemployed workers should make it easier for a firm …

According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when …

-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …

This paper explores conditions and policies that could affect the matching between labor demand and supply. We identify … findings also show that the matching process is more difficult the higher the share of employees with intermediate levels of … matching include active labor market policies, such as incentives for start-up and job sharing programs. Passive labor market …

in other firms (congestion). According to efficiency wage and bargaining theory, wages are set above the market clearing … of the search-matching theory. -- Job Creation ; Involuntary Unemployment ; Search-Matching ; Labor Demand …How well do alternative labor market theories explain variations in net job creation? According to search-matching …

in other firms (congestion). According to efficiency wage and bargaining theory, wages are set above the market clearing … of the search-matching theory. -- job creation ; involuntary unemployment ; search-matching ; labor demand …How well do alternative labor market theories explain variations in net job creation? According to search-matching …

Search-matching theory has come to dominate labor economics in recent years, but few attempts have been made to compare … the empirical relevance of search-matching theory to efficiency wage and bargaining theories, where employment is … theory and a standard labor demand model. Estimation on firm-level data yields support for the labor demand model. Wages and …

unemployment rate, on the division of employment between the private and public sectors, and on the distributions of wages in the …