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This paper empirically tests the role of search frictions in driving qualification mismatches in the labor market … are more pervasive than in more developed economies. Moreover, frictions related to search costs are a crucial determinant …
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We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers …
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Different markets are cleared by different types of prices—seller-specific prices that are uniform across buyers in some markets, and personalized prices tailored to the buyer in others. We examine a setting in which buyers and sellers make investments before matching in a competitive market....
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