. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment … not firms can ex ante commit to wage payments. -- search ; sorting ; wage dispersion ; on-the-job search ; unemployment …

. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …

Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small …