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 …

. Moreover, it is shown that the neglect of endogenous but not observable behavior in the empirical literature on labor matching … leads to systematically biased estimates of the matching elasticities, posing a caveat on the results of previous studies … testing for constant returns of the matching function. The theoretical model presented allows to predict the direction of the …

empirical finding is related to variation in the efficiency of the matching process across occupations. A simple theoretical … and make employers more satisfied with the person taken on. -- labour turnover ; matching ; recruitment ; hiring …

This paper studies the role of capital investment in a search and matching model. I develop an endogenous job … separation matching model in which a firm's irreversible capital investment is endogenously determined. The incorporation of … ability of the standard search and matching model to generate cyclical fluctuations of unemployment and vacancies in response …

We show that equilibrium matching models imply that standard estimates of the matching function elasticities are … basic version of the matching function using aggregate U.S. data from the Job Openings and Labor Turnover Survey (JOLTS …

We examine the matching process using monthly panel data for local labour markets in Sweden. We find that an increase …

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 …