We provide a matching model where identical workers are embedded in ex-ante identical social networks. Job arrival rate … distribution of unemployment rates across networks. We show that wage dispersion arises endogenously as the consequence of the … agents' statuses, induces unemployment persistence and wages positively correlated with age. Eventually, we show that a …

A matching model with labor/leisure choice and staggered bargaining is used to explain (i)differences in GDP per hour …

In this paper I argue that most comparisons of the unemployment dynamics in the United States and Europe since the war … experiences in the two continents. Growth has a big impact on unemployment in econometric estimation. I use established estimates …

This paper introduces risk averse workers into a search and matching model and considers the quantitative performance … in unemployment and vacancies but also wages, is the drop in consumption for the unemployed. In addition, explaining the … search and matching models. …

role to cross-country differences in social unemployment insurance institutions that Prescott argues can be safely ignored …

Shimer (2005) showed that a standard search and matching model of the labor market fails to generate fluctuations of … unemployment and vacancies of the magnitude observed in US data in response to shocks to average labor productivity of plausible … response of unemployment and vacancies to a shock to average labor productivity. In light of these properties, cast in terms of …

models without matching frictions, the higher unemployment during recessions makes it easier to motivate workers, decreasing … the wage and therefore smoothing unemployment fluctuations (Kimball 1994). In a matching model, too, wages fall in … labor market models have a hard time generating the degree of cyclical volatility in unemployment and vacancies that is …