I propose a new search-and-matching model in which wage rigidity and volatile unemployment endogenously arise. The …-the-job search and replacement hiring into a long-lived jobs framework. The presence of replacement hiring (i) enhances unemployment … volatility by reducing crowding out of unemployed workers due to employed searchers and (ii) makes equilibrium wages less …

, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … quantitatively rationalizes why differences in job-separation rates have primary importance in inducing differences in unemployment … across space while changes in the job-finding rate are the main driver in unemployment fluctuations over the business cycle. …

with labor market search and endogenous human capital accumulation. I first show that following an unemployment spell … they receive an increase in their unemployment insurance. I then construct a life-cycle model with risk averse workers who …

employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …

employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …

employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …

consistent with lexicographic application preferences: amenities predict applications to these vacancies only when wages are not … applications, focusing on posted wages and advertised non-wage amenities. We find robust evidence of directed search based on … posted wages in the cross-section, with stark heterogeneity by occupation: the wage-application correlation is driven by …

We use a novel data set on firm vacancies and job seekers from a Mexican government job placement service to analyze … whether changes in matching frictions can explain the large and persistent increase in Mexican unemployment after the 2008 … unemployment rate. Hence, these results suggest that changes in matching frictions cannot explain most of the increase in …

, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … quantitatively rationalizes why differences in job-separation rates have primary importance in inducing differences in unemployment … across space while changes in the job-finding rate are the main driver in unemployment fluctuations over the business cycle. …

percent increase in the state-level effective minimum wage reduces vacancies by 2.4 percent in the same quarter, and the … cumulative effect is as large as 4.5 percent a year later. The negative effect on vacancies is more pronounced for occupations …. We argue that our focus on vacancies versus on employment has a distinct advantage of highlighting a mechanism through …