market dynamics. -- search ; matching ; U.S. labor market ; vacancies ; labor market flows ; business cycles …Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool … high volatility of most of the key variables, the negative co-variation of unemployment and vacancies, and the behavior of …

that mainly focused on estimating the effects of benefit duration on job search and acceptance strategies of the unemployed …

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

facts. -- sorting ; unemployment ; business cycles ; search-matching ; vacancies …-finding rates. A search-matching model with endogenous separations and worker heterogeneity in terms of ability has difficulty in …

We develop an equilibrium model of on-the-job search with ex-ante heterogeneous workers and firms, aggregate … uncertainty and vacancy creation. The model produces rich dynamics in which the distributions of unemployed workers, vacancies and …

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

explain these facts using a search-and-matching model with worker heterogeneity in skills. The model identifies endogenous job …

vacancies, u + v. Through the Beveridge curve, the number of vacancies is inversely related to the number of jobseekers. With … such symmetry, the labor market is efficient when there are as many jobseekers as vacancies (u = v), too tight when there … are more vacancies than jobseekers (v > u), and too slack when there are more jobseekers than vacancies (u > v …

-posted vacancies. This result is driven, however, by the smaller decline in demand for digital workers relative to non-digital ones …