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 …

. Moreover, it is shown that the neglect of endogenous but not observable behavior in the empirical literature on labor matching … leads to systematically biased estimates of the matching elasticities, posing a caveat on the results of previous studies … testing for constant returns of the matching function. The theoretical model presented allows to predict the direction of the …

empirical finding is related to variation in the efficiency of the matching process across occupations. A simple theoretical … and make employers more satisfied with the person taken on. -- labour turnover ; matching ; recruitment ; hiring …

processes governing the labor market, such as job search by individuals, and matching and bargaining among firms and potential …

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 …

empirical finding is related to variation in the efficiency of the matching process across occupations. A simple theoretical …

demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases …

This paper considers a matching model with heterogenous jobs (unskilled and skilled) and workers (low and high …

This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under … stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option … ; stock-flow matching …