In this paper I explore optimal employment contract design in a random search framework, where workers search on and … determines the frequency by which employment opportunities arrive through a costly choice of search intensity, which is …

Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small … amount of frictional wage dispersion, i.e., wage differentials among ex-ante similar workers induced purely by search … (reservation) wage paid. We show that in a large class of search and matching models this statistic (the "mean-min ratio") can be …

undirected search. A fixed-term contract of length J is modeled as a tax on separations of workers with tenure higher than J …

search decisions by the unemployed – the micro effect – we are guided by equilibrium labor market theory and focus on …

shocks. Workers do not observe firm productivity and firms do not commit to future wages, but there is on-the-job search for …

as well as pure job-search considerations. The results thus provide encouragement for a growing literature that … integrates "macro-labor" search models with "macro-macro" models featuring differential industry cyclicalities and convex …

the US economy. To answer this question we set up a two-country model with search in labor markets and featuring legal and …