theory, which has so far focused on labor market frictions in general and not specifically on information asymmetries. Using … unemployment rate and the actual unemployment rate in the country, which is a meaningful indicator of their misperception of labor … model includes: controls for the worker's ability; country-specific fixed effects; the unemployment rate in the region of …

wage loss. Collectively, the sorting and matching channels explain almost all of the Hartz reforms' effect on post …

qualifikatorischen Lohnstruktur zur Erklärung der Beschäftigungsstruktur Stellung. Basierend auf einer Einteilung in drei …-Kostenfunktion und Anteilsgleichungen ökonometrisch geschätzt, um den Einfluss der Lohnstruktur auf die Beschäftigungsstruktur zu …, dass mit einer größeren Lohnspreizung die Lastverteilung der Arbeitslosigkeit bei gegebenem Output, Kapitaleinsatz und …

This paper shows that a search and matching model with idiosyncratic training cost shocks can explain the asymmetric … movement of the job-finding rate over the business cycle and the decline of matching efficiency in recessions. Large negative … tightness. Our model explains a large fraction of the matching efficiency decline during the Great Recession and generates state …

provides a valid approximation of observed wages and matching patterns for a large part of the data. For low-type workers … low-type workers have become increasingly sorted into low-type firms over time, especially out of unemployment. This …

), we establish that the unemployment rate, the job separation rate, and the job finding rate exhibit a larger response to … of the state dependence in the unemployment rate, 76 percent for the separation rate and 36 percent for the job finding …

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

Integrating Roy with Becker, this paper studies occupational choice and matching in the labor market. Our model …

simultaneously determined in market equilibrium. We structurally estimate the search cost distribution, the implied matching …