This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching …

This paper presents a test of the educational signaling hypothesis. If employers use education as a signal in the …

This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their … select a unique separating equilibrium. When the Intuitive Criterion bites and information is purely asymmetric, the …

source of information for internal versus external promotions. By contrast, formal vocational degrees and initial job task …

How can long-term unemployment be reduced by policy measures of the government? In this paper a growth-matching … wird ein Wachstums-Matching-Modell entwickelt, das durch heterogene Arbeitslose - Kurz- und Langzeitarbeitslose - und bei …