Does the search and matching model fit aggregate US labour market data? While the model has become an important tool of … most of the key variables, the negative co-variation of unemployment and vacancies, and the behaviour of the worker job …

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …

underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding … from it, generated by matching. …

exceed 6 months and their matching rates are highly correlated with the inflow of new vacancies. This job queue …A new methodology is described which tests between various equilibrium theories of unemployment using matching data … identify a matching process using data which is recorded monthly, and also shows how to identify different unemployment …

who suffer involuntary layoffs. Matching and search-island models have labour market frictions and incomplete markets. The …

The Paper examines the time sequencing of UI benefits in a general equilibrium framework, with random matching and … endogenously determined wages. A key feature of the model is that policymakers exploit random matching to produce some assortative … matching through UI policy. The Paper considers a mechanism whereby a declining UI time profile makes unemployed workers …

regions, we apply a flexible propensity score matching approach that controls for selection on observables as well as on time …

terms of transaction costs, the US pay on average higher search/hiring costs in the labour market, and smaller training …

-Mortensen-Pissarides structure: firms enter by posting vacancies and match with workers bilaterally, with match probabilities given by an aggregate … matching function. Wages are determined through Nash bargaining. We also consider aggregate productivity shocks, and a complete …