their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …

them, and workers use this information to infer their types. Our theory explains how search outcomes during unemployment … process and best occupations fitting to them. A search and learning model is provided in order to analyze these effects. In … the model, search outcomes relay information about workers’ job finding abilities and appropriate occupations suited to …

This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes … market outcomes for a large set of OECD countries. We then ask how models with search improve our understanding of these data …. Our results are mixed. Search models are useful for interpreting the behavior of some additional data series, but search …

This paper considers a matching model of heterogenous workers and jobs which includes onthe-job search. High …-educated workers transitorily accept unskilled jobs and continue to search for skilled jobs. We study the implications of this model … for the unemployment rates of high and low-educated workers, for the share of mismatched workers and wage inequality both …