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. …

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

This paper surveys recent work in equilibrium models of labor markets characterized by search and recruitment frictions …

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 …

This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible …