In this Paper, an explicit micro scenario is developed which yields a well-defined aggregate job-matching function. In … approximated by an exponential-type matching function, as the population becomes large. This steady-state approximation is first …

). From this micro scenario, we derive an aggregate matching function that has the standard properties but fails to be …

We survey the microfoundations, empirical evidence and estimation issues underlying the aggregate matching function … accepted as superior to all others. Instead, an aggregate matching function with hires as a function of vacancies and …

sectoral heterogeneity. Constant returns for this modified matching function cannot, however, be rejected in most cases. …

A matching function approach is applied to unemployment exit data from a panel of Eastern German labour office … districts since monetary union. With comparable West German data, such a matching function exhibits constant returns, is stable … matching function exhibits increasing returns, and vacancies enter the function insignificantly or with incorrect sign. These …

States. It may be explained by a matching function, for which estimates are presented. Worker flows seem very different from …