Rogerson, Richard; Shimer, Robert - National Bureau of Economic Research <Cambridge, Mass.> - 2010
This chapter assesses how models with search frictions have shaped our understanding of aggregatelabor market outcomes … market outcomes for a large set of OECD countries. We thenask how models with search improve our understanding of these data …. Our results are mixed. Searchmodels are useful for interpreting the behavior of some additional data series, but search …