separate analyses for the USA, the UK, Germany and the Netherlands. We quantify the monopsony power due to search frictions and … we examine the policy effects of the minimum wage, unemployment benefits and search frictions. …

dynamic stochastic search-matching model with heterogeneous workers, where aggregate shocks to productivity fuel up the cycle …

Equilibrium search theory suggests that the wage distribution in a cross section of workers is closely related to labor … structure in Germany. Motivated by search theory, we use the data to explore descriptively labor market transitions and features … close relationship exists between wages and labor market transitions as predicted by search theory. However, the noticeable …

In this study we develop and calibrate a search and matching model of the German labour market and analyze the impact … wage setting and fiscal redistribution policy. We find that search frictions are less important for wages of the low …

This paper makes two contributions to the empirical matching literature. First, a recent study by Anderson and Burgess … (2000) testing for endogenous competition among job seekers in a matching framework, is replicated with a richer and more … accurate data set for Germany. Their results are confirmed and found to be surprisingly robust. Second, the matching framework …