Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model – even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

We propose a simple test that uses information on workers' mobility, wages and firms' profits to identify the sign and … strength of assortative matching. The basic intuition underlying our empirical strategy is that, in the presence of positive … (negative) assortative matching, good workers are more (less) likely to move to better firms than bad workers. Assuming that …

I take a control function approach to overcome the difficulty raised by the simultaneity issue in the estimation of the … impact of unemployment duration on re-employment wages. I consider three alternative instruments, which are based on the … of censoring weighted estimation …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model – even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under … stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option … is available, monopsony wages result. With more than one firm bidding, Bertrand wages arise. The initial and expected …

all their candidates) only wage mechanisms that allow for ex post Bertrand competition generate the maximum matching on a …