We study the effect of diminishing search frictions in markets with adverse selection by presenting a model in which …

-finding rate arise, which contrasts with results in an efficient search and matching economy. The efficient selection model …'s results hold in partial and general equilibrium, as well as with sequential search. …

coordination frictions. Specifically, we consider a search model where workers can apply to high and or low productivity firms … and sending both to the low productivity sector. But, efficiency requires that they apply to both sectors because a higher … to both sectors. For many configurations, the equilibrium outcomes are the same under directed and random search so our …

-finding rate arise, which contrasts with results in an efficient search and matching economy. The efficient selection model …'s results hold in partial and general equilibrium, as well as with sequential search. …

, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search …, immigration, unemployment, equalizing differences, and institutions in the labor market. There is particular emphasis on the …

We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect …

We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity …. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies with calibrated …

Government spending on human capital continues to increase over the years. However, knowledge of the efficiency of such … public spending on human capital and their correlates in Africa. The study found public spending on health and education in … Africa to be inefficient. Efficiency was much higher in health spending than in educational spending. Factors such as …