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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 …
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. Until recently there has been little evidence that any internet-based tool has had a measurable effect on job search or … recruitment outcomes. However, recent studies, and the growing use of social networking as a business tool, suggest workers and … emerging as important for the statistical study of labor markets, yielding useful data for firms, workers, and policymakers. …
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Great Recession. Specifically, following Farmer (2013), I set forth a search framework in which households decide about …
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In this paper, we investigate the causes and consequences of "unclaimed" unemployment insurance (UI) benefits. A search …
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We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An \textit{underlying state} determines payoffs from different actions. Agents decide which others to form a costly \textit{communication link} with,...
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Different markets are cleared by different types of prices—seller-specific prices that are uniform across buyers in some markets, and personalized prices tailored to the buyer in others. We examine a setting in which buyers and sellers make investments before matching in a competitive market....
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