This article reviews the developments in frictional matching models from 1990 to 2010, exploring how search frictions … different attacks on the existence of equilibrium required for these search and matching models. …

search for a "good" job. In this paper we explore this idea by building a theoretical model of job search by risk averse … occur as agents cycle between accumulating assets in short term employment and unemployed search for more desirable …

We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers …-trivial dispersion of firm sizes; when firms' production technologies exhibit decreasing returns to labor, it also generates wage … unemployment ratio to a shock to labor productivity can be somewhat more persistent than in the Mortensen-Pissarides benchmark …

We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers …-trivial dispersion of firm sizes; when firms' production technologies exhibit decreasing returns to labor, it also generates wage … unemployment ratio to a shock to labor productivity can be somewhat more persistent than in the Mortensen-Pissarides benchmark …

We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers …-trivial dispersion of firm sizes; when firms' production technologies exhibit decreasing returns to labor, it also generates wage … unemployment ratio to a shock to labor productivity can be somewhat more persistent than in the Mortensen-Pissarides benchmark …

costly job creations. However, these search efforts increase competition among employers, and this could in turn internalize …

This paper extends the search with discrimination framework by introducing jobs that are constrained by equal wage … a number of stylized facts observed in the U.S. labor market, including persistent aggregate wage inequality, prevalent …