I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor … market sorting, and aggregate shocks. In response to a positive productivity shock, incentives to sort increase ….S. labor market data and produces realistic degrees of wage dispersion and labor market sorting. …

and on-the-job (OJS). Ex post heterogeneity in productivity across jobs generates a job ladder. Firms Bertrand-compete for … which OJS amplifies and propagates aggregate shocks: (i) a higher estimated elasticity of the matching function, when …

-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties …This paper adds two-sided ex-ante heterogeneity and a production technology inducing sorting to the canonical Diamond … market. Additionally, endogenous matching sets fluctuate in response to shocks and amplify job-creation. Using a standard …

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

unique outcome, the worker-optimal matching …

unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …

This paper extends Pissarides (1990)’s matching model by considering two sectors (routine and manual) and workers …

According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when …