Cooper, Russell; Haltiwanger, John; Willis, Jonathan L. - Federal Reserve Bank of Kansas City - 2006
facts concerning the variability of unemployment and vacancies in the aggregate, the distribution of net employment growth … and the comovement of hours and employment growth at the establishment level. A search model with frictions in hiring and … response of hours and wages to shocks. We specify and estimate the parameters of the search model using simulated method of …