We propose a search equilibrium model in which homogenous firms post wages along with a vacancy to attract job-seekers, while homogenous unemployed workers invest in costly search. The key innovation relies on the organization of the search market and the search behavior of the job-seekers. The...

We propose a search equilibrium model in which homogeneous firms post wages along with a vacancy to attract job-seekers, while homogeneous unemployed workers invest in costly job-seeking. The key innovation relies on the organization of the search market and the search behavior of the...