coordination frictions. Specifically, we consider a search model where workers can apply to high and or low productivity firms …In this paper we study the allocation of workers over high and low productivity firms in a labor market with … and sending both to the low productivity sector. But, efficiency requires that they apply to both sectors because a higher …

We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity …

We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity …

-the-job search for more productive workers. These features improve a firm's bargaining position while raising workers' job insecurity …

We construct a multi-sector search and matching model where the unemployed receives idiosyncratic productivity shocks … that make working in certain sectors more productive than in the others. Agents must decide which sector to search in and … additional risk: low future wages if mobility costs preclude search in the appropriate sector. This introduces a new role for …

I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor ….S. labor market data and produces realistic degrees of wage dispersion and labor market sorting. …

We introduce a joint model of labor market search and firm size dynamics to explain the differential in labor market … and productivity outcomes between the U.S. and the European Union. At the core, our model is a hybrid of the labor market … search model by Mortensen and Pissarides (1994) and the model of the size distribution firms by Lucas (1978). Around this …

destruction of jobs in the presence of heterogeneity in firm productivity and frictional credit and labor markets. The aggregate … labor markets. Adverse shocks to credit markets destroy the least productive jobs and slow job creation, thus raising …

inefficiency. -- directed search ; efficiency ; coordination frictions …We study a search model where workers can send multiple applications to high and low productivity firms. Firms that … equilibrium where workers mix between sending both applications to the high and both to the low productivity sector. Efficiency …