while considered as extremely large in the public debate in Europe. The main argument is based on a fundamental property of …. Two sets of implications are then derived: on one hand, mobility costs are high in Europe and transitions between steady …-states has especially strong adverse effects. Jobs endogenously last longer in Europe than in the US, but when they are destroyed …

queuing model, which is the most relevant description of the labor market matching process in Spain, according to the …I analyze the matching process in the Spanish labor market from 1994-2005. I use monthly registered unemployment data …

-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties … market. Additionally, endogenous matching sets fluctuate in response to shocks and amplify job-creation. Using a standard …, the firms' matching sets are wider in equilibrium than the workers' matching sets and fluctuate more in response to shocks. …

In a reasonably calibrated Mortensen and Pissarides matching model, shocks to average labor productivity can account …

This paper shows that a search and matching model with idiosyncratic training cost shocks can explain the asymmetric … movement of the job-finding rate over the business cycle and the decline of matching efficiency in recessions. Large negative … tightness. Our model explains a large fraction of the matching efficiency decline during the Great Recession and generates state …

We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the … market has become as volatile as the US one. -- search ; matching ; training ; firing costs ; productivity differentials …

and Sweden experience the lowest earnings declines following job displacement, while workers in Italy, Spain, and Portugal …

We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the …

wage loss. Collectively, the sorting and matching channels explain almost all of the Hartz reforms' effect on post …