wage policy in a search model with heterogeneous workers. In particular, we characterize the circumstances under which …

The paper develops a two-sector general equilibrium search model where "goods" are produced exclusively in the market …

We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the …

We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the …

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …

We analyze the welfare and employment effects of different wage bargaining regimes. Within the large firm search model …

or more of the posted wages, i.e. search, before deciding where to apply. Both with homogeneous and heterogeneous forms …, equilibrium wage dispersion is necessary for the economy to approximate efficiency. Without wage dispersion, workers do not search …, and wages are depressed. As a result: (a) there is excessive entry of firms; and (b) because, in the absence of search …