We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market …

vacancies on the other hand, which is observationally equivalent to a constant returns Cobb-Douglas function commonly used to … model match formation. We use German administrative labor market data to show that the matching function correlation solely … based on idiosyncratic productivity and free entry is very close to the empirical matching function. Consequently, we argue …

underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding … from it, generated by matching. …

underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding … from it, generated by matching. …

estimates monthly vacancies, hires, and separations. It has quickly become a useful tool for studying the labor market. This … chapter summarizes its aggregate and micro-level evidence, including the relations of vacancies and worker flows to …

We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market …

underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding … from it, generated by matching. …