This paper extends the standard matching model by introducing a gap in separation costs between entrant and incumbent …

In the standard macroeconomic search and matching model of the labor market, there is a tight link between the …

In a reasonably calibrated Mortensen and Pissarides matching model, shocks to average labor productivity can account …

This paper argues that the canonical search-and-matching model cannot generate the observed cyclical asymmetry of the …

characterization has been made when matching is parameterized by a Cobb--Douglas technology. For a canonical DMP model, I (1 …) characterize responses of unemployment to productivity changes for a general matching technology; and (3) show how a matching …

-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties … market. Additionally, endogenous matching sets fluctuate in response to shocks and amplify job-creation. Using a standard …, the firms' matching sets are wider in equilibrium than the workers' matching sets and fluctuate more in response to shocks. …

In the standard macroeconomic search and matching model of the labor market, there is a tight link between the …

I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor …