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

Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding … matching ; business cycle …

. -- Wage Rigidity ; Search and Matching Model ; Business Cycle …

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 …

We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial … factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less …