. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses … macroeconomic questions such as business cycles, growth, and policy. Particular attention is given to the ability of the model to …

underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows … from it, generated by matching. …

and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage … policies on wages and unemployment. …

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 offers an alternative theory for the increase in unemployment and wage inequality experienced in the United … change increases skilled wages, reduces unskilled wages and increases the unemployment rate of both skilled and unskilled …

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 … interpretation of the matching data has important implications for government policy on long term unemployment and optimal UI. It …

mandated unemployment insurance (UI) and employment protection (EP). To illuminate the forces in these models, we study how UI … who suffer involuntary layoffs. Matching and search-island models have labour market frictions and incomplete markets. The … higher layoff taxes suppress frictional unemployment in less turbulent times, prevails in the models with labour market …

The regional distribution of unemployment rates in the Czech Republic during the transition period is shown to be … characterised by twin peaks, i.e. a high and a low unemployment equilibrium. The emergence of strong regional disparities at the … matching function. This study presents a formalisation of these effects and estimates empirical matching functions for a panel …

We study the interactions and dynamics of human capital, growth and inequality by explicitly embedding networks into a … standard endogenous growth model with overlapping generations. The human capital of a household depends on investment in … often. During transition, (i) high overall growth is achieved when the network has high degree centralization and the most …