We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs … rate of 4-6%. We find that without search frictions, output would be between 7.5% and 18.5% higher, depending on whether or …

equilibrium model with heterogenous labor markets. In this model three different types of unemployment arise: search, rest and …

equilibrium search model of the labor market with an endogenous number of contacts between workers and firms. Workers contact … estimated parameter values welfare is improved if unemployed workers increase their search intensity. …

The objective of this paper is to construct and quantitatively assess an equilibrium search model with on …-the-job search and general human capital accumulation. In the model workers enter the labour market with different abilities and … firms differ in their productivities. Wages are dispersed because of search frictions and workers’ productivity …

We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability …

We study the effects of immigration on native welfare in a general equilibrium model featuring two skill types, search … studied, immigration attenuates the effects of search frictions. These gains tend to outweigh the welfare costs of … in two thirds of countries, contrary to what models without search frictions predict. Average total gains from …

We propose a theoretical explanation for the so-called “beauty premium”. Our explanation is based entirely on search … interaction between frictional labour and marriage markets and establish the existence of a search equilibrium characterised by …

business cycle model with search and matching frictions. We extend the canonical model by including capital …