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 …

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 …

of directed search based on non-wage amenities. Applications to vacancies attached to lower-skill occupations are …We leverage rich data from a prominent online job board in Uruguay to assess directed search patterns in job … applications, focusing on posted wages and advertised non-wage amenities. We find robust evidence of directed search based on …

We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … free entry long lived vacancies and endogenous separations give rise to a vacancy depletion channel which we identify via …

over the business cycle. These patterns can be replicated by enhancing a search and matching model with idiosyncratic …This paper shows that the matching function and the Beveridge curve in the United States exhibit strong nonlinearities …

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 deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of … the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is …