applied to aggregate duration data. It does not require wage data, it is invariant to the way in which wages are determined … separate analyses for the USA, the UK, Germany and the Netherlands. We quantify the monopsony power due to search frictions and … we examine the policy effects of the minimum wage, unemployment benefits and search frictions. …

According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when … inflow of new vacancies. We construct a simple model with on-the-job search and show that it is broadly consistent with the … cyclical behaviour of stocks and flows in the labour market also without search frictions. In periods of high unemployment …

literature for over thirty years. The wages and employment o typographers are examined to see whether they can be usefully … characterized as the outcome of a process by which the union maximizes an objective function containing wages and employment and is … wages and employment of these workers compared with our more general formulation …

bargaining, minimum wages, employment protection and unemployment benefits affect the way in which wages respond to labor supply … shocks, and, hence, the labor market effects of immigration. We employ a wage-setting approach which assumes that wages …

literature for over thirty years. The wages and employment o typographers are examined to see whether they can be usefully … characterized as the outcome of a process by which the union maximizes an objective function containing wages and employment and is … wages and employment of these workers compared with our more general formulation …

We study how job seekers respond to wage announcements by assigning wages randomly to pairs of otherwise similar …. Both findings are core predictions of theories of directed/competitive search where workers trade off the wage with the … perceived competition for the job. A calibrated model with multiple applications and on-the-job search induces magnitudes …