The economics of search study the implications of frictions for individual behavior and market performance, due usually to imperfect information about exchange possibilities. This article reviews labor-market research in this area. Individuals search for a job offer by choosing a reservation...

In this paper we study the contribution of inflows and outflows to the dynamics of unemployment in three European countries, the United Kingdom, France and Spain. All countries are interesting in their own right and in the comparison with each other. Britain’s labour markets were strictly...

Media discussion of British unemployment often focuses on the low level of training and vocational skills of the British workforce compared to that of Britain's main industrial competitors. In a world increasingly dominated by the use of robots and other electronic aids to production,...

Estimates of aggregate matching functions may miss important scale effects in frictional labour markets because of the reactions of job seekers to scale. We estimate a semi-structural model of search and matching on a British sample of unemployed people, testing for scale effects on the...

Christopher Pissarides holds the Norman Sosnow Chair in Economics at the London School of Economics. He is interested in the macroeconomics of the labor market, structural change and economic growth.