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conditions and the role of social contacts in matching labor market entrants to employing firms. We use class-plant fixed … much more important for job matching in deep recessions than in good times, suggesting that informal contacts and social … networks are crucial determinants of matching patterns in bad times. …
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Why is unemployment higher for younger individuals? We address this question in a frictional model of the labor market that features learning about occupational fit. In order to learn the occupation in which they are most productive, workers sample occupations over their careers. Because young...
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