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 …

model with search and matching frictions in the labor market. Our results arise for empirically plausible parametrizations … and do not rely upon a mechanism such as increasing returns. -- Search and matching ; indeterminacy ; match elasticity …

A labor matching model with nominal rigidities can match short-run movements in labor's share with some success …

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 …

Endogenous separation matching models have the shortcoming that they are barely able to replicate the Beveridge curve … builds upon the sectoral shock literature and combines its insights with the standard endogenous separation matching approach …

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 …