Most data used to study the durations of unemployment spells come from the Current Population Survey, which is a point-in-time survey and gives an incomplete picture of the underlying duration distribution. We introduce a new sample of completed unemployment spells obtained from panel data and...

We conducted prediction markets designed to forecast post-IPO valuations before a particularly unique IPO: Google. The prediction markets forecast Google's post-IPO market capitalization relatively accurately. While Google's auc-tion-based IPO price fell 15.3% below the first-day, closing market...

The estimates of the structural parameters of a job separations model derived from the theory of on-the-job search are reported in this papers. Given that each employer pays the same wage to all observably equivalent workers and that wage dispersion across employers exists in the sense that...

Labor market search with two-sided heterogeneity : hierarchical versus circular models / Aico van Vuuren -- The weak Pareto law in Burdett-Mortensen equilibrium search models / Gerard J. van den Berg -- Competitive auctions : theory and application / John Kennes -- Bargaining, on-the-job search...