-matching theory, job creation in a firm should depend on the availability of workers (unemployment) and on the number of job openings … in other firms (congestion). According to efficiency wage and bargaining theory, wages are set above the market clearing … of the search-matching theory. -- Job Creation ; Involuntary Unemployment ; Search-Matching ; Labor Demand …

-matching theory, job creation in a firm should depend on the availability of workers (unemployment) and on the number of job openings … in other firms (congestion). According to efficiency wage and bargaining theory, wages are set above the market clearing … of the search-matching theory. -- job creation ; involuntary unemployment ; search-matching ; labor demand …

-matching theory and a standard labor demand model. Estimation on firm-level data yields support for the labor demand model. Wages and …