This paper develops a labour market model with on-the-job search, match-specific productivity draws and an endogenous …

propose a search model with transferable utility in which ex-ante heterogeneous men and women simultaneously search for …

This paper develops a labour market model with on-the-job search, match-specific productivity draws and an endogenous …

In traditional sequential search models, players face ex ante uncertainty prior to each search but obtain certain … outcomes after the search. The players' reservation value tends to decrease with their level of risk aversion. We propose a … modified sequential search model with ex post uncertainty in which the uncertainty cannot be fully eliminated by the search. In …

This paper is concerned with the business cycle dynamics in search-and-matching models of the labor market when agents …