have high rates of unemployment relative to wage employment, and that self-employment is particularly high where the … unemployment-wage employment ratio is high. I interpret high unemployment-employment ratios as evidence of labor market frictions …, and develop a simple heterogeneous-firm search and matching model with choice between job search and self-employment to …

This paper analyzes an urn-ball matching model in which workers decide how intensively they sample job openings and … account for the empirical relation between the job-finding rate and the vacancy-unemployment ratio, provided that search costs …

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of …

mechanisms that allow for ex post Bertrand competition generate the maximum matching on a realized network …

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …? How are wages determined? What role do labor market dynamics play in explaining business cycles and growth? The survey …

The search-matching model is well suited for an equilibrium evaluation of labor market policies. When those policies … on their interactions with the profile of unemployment benefits and with active labor market programs …

. 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 …

Search-matching theory has come to dominate labor economics in recent years, but few attempts have been made to compare … the empirical relevance of search-matching theory to efficiency wage and bargaining theories, where employment is … determined by labor demand. In this paper we formulate an empirical equation for net job creation, which encompasses search-matching …