preferences for leisure. The analysis suggests that a system with monitoring and sanctions restores search incentives most … of improving the efficiency of UI: the duration of benefit payments, monitoring in conjunction with sanctions, and … effectively, since it brings additional incentives to search actively so as to avoid the sanction. Therefore, the UI provider can …

decrease as the level of earnings rises. The framework is a search equilibrium model where wages are determined by Nash … bargaining between firms and workers, job search intensity is endogenous and workers are heterogeneous. The analysis suggests …

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 …

We study a labor market in which principals and agents must search for a trading partner, and agents have private … match. This leads to insufficient frictional unemployment and search, and lower average productivity and utility. A fully …

negatively correlated with the unemployment rate. These empirical facts are explained in an equilibrium search model where firms …% and welfare increases. Average search effort decreases, but the unemployment rate and duration decrease as vacancy …