employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …

consistent with lexicographic application preferences: amenities predict applications to these vacancies only when wages are not … applications, focusing on posted wages and advertised non-wage amenities. We find robust evidence of directed search based on … posted wages in the cross-section, with stark heterogeneity by occupation: the wage-application correlation is driven by …

We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … free entry long lived vacancies and endogenous separations give rise to a vacancy depletion channel which we identify via … joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

class of search models. Specifically, the correlation between pre‐ and post‐displacement wages is informative of frictional …

post more vacancies and to devote more resources to recruiting. This unemployment-vacancy tradeoff, governed by the …This paper develops a sufficient-statistic formula for the unemployment gap-the difference between the actual … unemployment rate and the efficient unemployment rate. While lowering unemployment puts more people into work, it forces firms to …

How the internet affects job matching is not well understood due to a lack of data on job vacancies and quasi … Norway, and comprehensive data on recruiters, vacancies and job seekers. We document that broadband expansions increased … online vacancy-postings and lowered the average duration of a vacancy and the share of establishments with unfilled vacancies …

's technology choice is embedded in a search theoretic framework for unemployment. More advanced technology is assumed to have a … increase in the unemployment benefit leads to an increase in the equilibrium wage rate, giving an incentive to firms to choose … a more advanced technology. Thus, this result regarding unemployment insurance in models with wage posting carries …

, greater average firm productivity, a larger formal employment share, and a marginally lower unemployment rate. …