matching model. Based on this micro-macro linkage, we provide a new quantitative benchmark for the role of wage rigidity in … search and matching models. Furthermore, we show that acyclical and countercyclical wage establishments are key drivers for …

This paper explores the determinants of equilibrium unemployment within the search and matching framework. Using …' vacant jobs. The estimated parameters are used to quantify the search and matching model in terms of search costs (magnitude …, cyclical properties and volatility) and matching probabilities of firms and workers. Structural estimation enables us to solve …

There is strong empirical evidence for Cobb-Douglas matching functions. We show in this paper that this widely found … underlying mechanisms. Obviously, it can be generated by assuming a Cobb-Douglas matching function. Less obvious, the same … idiosyncratic productivity can explain the observed negative time trend in estimated matching efficiency and asymmetric business …

There is strong empirical evidence for Cobb-Douglas matching functions. We show in this paper that this widely found … underlying mechanisms. Obviously, it can be generated by assuming a Cobb-Douglas matching function. Less obvious, the same … idiosyncratic productivity can explain the observed negative time trend in estimated matching efficiency and asymmetric business …

model match formation. We use German administrative labor market data to show that the matching function correlation solely … based on idiosyncratic productivity and free entry is very close to the empirical matching function. Consequently, we argue … that standard matching function estimations are seriously biased if idiosyncratic productivity plays a role for match …

model match formation. We use German administrative labor market data to show that the matching function correlation solely … based on idiosyncratic productivity and free entry is very close to the empirical matching function. Consequently, we argue … that standard matching function estimations are seriously biased if idiosyncratic productivity plays a role for match …

dynamic stochastic search-matching model with heterogeneous workers, where aggregate shocks to productivity fuel up the cycle …

negative time trend in estimated matching functions. In addition, the full nonlinear combined model generates highly asymmetric …