relationship, including turnover, learning, matching, and hold up. It also considers labor market pooling from the perspective of …

effects of their individual job creation on aggregated search costs. -- Minimum wages ; matching models ; two sectors …

to schooling and aggregate welfare. -- Human capital ; job destruction ; matching frictions ; efficiency …

's matching model of unemployment. To the best of our knowledge, this is the first attempt to implement and systematically compare … these solutions in search-matching economies. Our results are twofold. First from the theoretical and methodological … viewpoint, we extend a somewhat flexible search-matching economy to alternative bargaining solutions. In particular, we prove …

. Moreover, it is shown that the neglect of endogenous but not observable behavior in the empirical literature on labor matching … leads to systematically biased estimates of the matching elasticities, posing a caveat on the results of previous studies … testing for constant returns of the matching function. The theoretical model presented allows to predict the direction of the …

unemployment. Using a matching function approach, the author finds that such a shock implies an unemployment rate of no more than 7 …