further drivers of the observed duration patterns, such as human capital depreciation, stock-flow matching, depletion of one …

We provide an information-based theory of matching efficiency fluctuations. Rationally inattentive firms have limited …-cyclical acceptance rates drive a wedge between meeting and hiring rates, explaining fluctuations in matching efficiency. Quantitatively …, our model replicates the joint behavior of unemployment rates and matching efficiency observed since the Great Recession. …

This paper stresses the importance of a specification of the matching function in which the measure of job matches … corresponds to the measure of job searchers. In many empirical studies on the matching function this requirement has not been … market. In this paper, we specify and estimate matching functions where the flow corresponds to the correct stock. We use …