Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small … of the model (risk aversion, volatile wages during employment, and on-the-job search) and find that, in their simplest …

for our preferred measure of frictional wage inequality: the ratio of average wages to the reservation wage, or, the 'mean …

employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …

employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …

employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …

construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit … an adverse signal, and establishing conditions under which equilibrium entails lowering wages (performance contracting …, that frictions (sand-in-the-wheels) may decrease unemployment and that the equilibrium is determined by two simple …

class of search models. Specifically, the correlation between pre‐ and post‐displacement wages is informative of frictional …

search models. Specifically, the correlation between pre- and post-displacement wages is informative of frictional wage …

search models. Specifically, the correlation between pre- and post-displacement wages is informative of frictional wage …

. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …