levels. We estimate the structural parameters of a matching function generalised to incorporate crowding out effects. We use …

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

trends in empirical matching functions. We investigate whether these trends simply arise from omitted variable bias … variable bias. As suggested by this result, we present evidence that empirical matching functions can be interpreted as … versions of the law of motion for vacancies: the coefficients in matching functions coincide with the coefficients in the law …

We show that equilibrium matching models imply that standard estimates of the matching function elasticities are … basic version of the matching function using aggregate U.S. data from the Job Openings and Labor Turnover Survey (JOLTS …) suggests that the bias is quantitatively important. -- matching function estimation ; unemployment ; vacancies ; job finding …

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

In this paper, an agent-based search and matching (ABSAM) model of a local labor market with heterogeneous agents and …

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

This paper develops a Walrasian equilibrium theory of establishment level dynamics and matching frictions and uses it … to evaluate the effects of congestion externalities in the matching process and determine the government interventions … an important role in dampening the response of the economy to aggregate productivity shocks. -- Firm dynamics ; matching …

elasticity of labor supply. Thus, our results uncover the previously undocumented power of words in the job matching process. …