I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor …. The distribution of unemployment worker types adjusts slowly, which amplifies job creation in the short run. In the long … run, falling unemployment curtails the firms' vacancy posting. The model closely matches time-series moments from U …

Based on rich administrative data from Germany, we address the differences in occupation specific job-matching …) in an occupation and the diversity of tasks in an occupation. We find that the matching efficiency improves with higher … positive or negative effects on the matching efficiency. We discuss the conditions under which the empirical results can be …

internalize how their individual actions affect the labor market outcomes of competitors in a common unemployment pool. We provide …

equilibrium is shown to be suboptimal. Less-skilled workers and firms are too selective, not matching with their comparable … of labor policies (and other changes in the economy) on the composition of unemployment and on unemployment duration, as … well as on wage distributions. The effect of introducing a simple unemployment insurance scheme is then twofold. First, it …

equilibrium is shown to be suboptimal. Less-skilled workers and firms are too selective, not matching with their comparable … of labor policies (and other changes in the economy) on the composition of unemployment and on unemployment duration, as … well as on wage distributions. The effect of introducing a simple unemployment insurance scheme is then twofold. First, it …