comovement between matches, unemployment, and vacancies in dynamic labor market models: either by assuming a standard Cobb … negative time trend in estimated matching functions. In addition, the full nonlinear combined model generates highly asymmetric …

, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … separations and on-the-job search quantitatively accounts for all the documented empirical regularities. The model also …

percent increase in the state-level effective minimum wage reduces vacancies by 2.4 percent in the same quarter, and the … cumulative effect is as large as 4.5 percent a year later. The negative effect on vacancies is more pronounced for occupations …. We argue that our focus on vacancies versus on employment has a distinct advantage of highlighting a mechanism through …

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 …

temporary severing of employment relationships followed by a phase of more standard labour market search and matching, we use …

the first year, due to both an increased likelihood of matching to a lower paying firm and a reduced probability of moving … up once matched. Thus our findings can account for some of the lasting negative impacts on workers forced to search for a …