In a reasonably calibrated Mortensen and Pissarides matching model, shocks to average labor productivity can account … for only a small portion of the fluctuations in unemployment and vacancies (Shimer (2005a)). In this paper, the author … vintages of entrants are able to account for fluctuations in unemployment and vacancies and that, in this environment, specific …

) characterize responses of unemployment to productivity changes for a general matching technology; and (3) show how a matching … to fill vacancies, but search frictions prevent firms from instantly hiring available workers. Unemployment persists … unemployment responds to productivity changes depends on resources that can be allocated to job creation. Yet, this …

demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases … labor demand. Tightening eligibility to short-time work benefits tends to reduce the wage while the impact on unemployment …

demand and reduced working hours so as to stabilize workers' income. In a matching framework such an arrangement increases … labor demand. Tightening eligibility to short-time work benefits tends to reduce the wage while the impact on unemployment …

employees. This paper develops a matching model that can explain the link between inter-industry wage differentials and use of … formal methods (e.g., newspaper ads). In equilibrium, the matching process generates segmentation in the labor market because …

, that frictions (sand-in-the-wheels) may decrease unemployment and that the equilibrium is determined by two simple …

persistent unemployment level, and wages stickiness. On the aggregate level, we observe a self-enforcing process of real income … processes governing the labor market, such as job search by individuals, and matching and bargaining among firms and potential …

This paper shows that the matching function and the Beveridge curve in the United States exhibit strong nonlinearities … over the business cycle. These patterns can be replicated by enhancing a search and matching model with idiosyncratic … density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

This paper shows that the matching function and the Beveridge curve in the United States exhibit strong nonlinearities … over the business cycle. These patterns can be replicated by enhancing a search and matching model with idiosyncratic … density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …