Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool … high volatility of most of the key variables, the negative co-variation of unemployment and vacancies, and the behavior of …

-finding rates. A search-matching model with endogenous separations and worker heterogeneity in terms of ability has difficulty in …

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 …

-finding rates. A search-matching model with endogenous separations and worker heterogeneity in terms of ability has difficulty in …

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 …

I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor … disproportionately. Firms respond by posting additional vacancies, and the strength of the response is increasing in firm productivity …

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 …

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 …