This paper contributes to the debate concerning the micro-foundation of matching functions in frictional labor markets …. The focus is on a particular matching regime, i.e., the so-called urn-ball process. It is shown that in a two … shocks may change the form of the matching function. This result casts additional doubts on the assumption of exogenous …

Japan, the Netherlands, Spain and the USA. The same experimental design was used in the four countries. Our 'contribution …