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This paper analyzes an urn-ball matching model in which workers decide how intensively they sample job openings and … adverse labor market conditions. Unlike existing coordination-friction economies with fixed search intensity, the model can … account for the empirical relation between the job-finding rate and the vacancy-unemployment ratio, provided that search costs …
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are small and that search intensity is sufficiently procyclical. -- Matching function ; coordination frictions …This paper analyzes an urn-ball matching model in which workers decide how intensively they sample job openings and … adverse labor market conditions. Unlike existing coordination-friction economies with fixed search intensity, the model can …
Persistent link: https://www.econbiz.de/10003755951
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When vacancies are filled, the ads that were posted are often not withdrawn, creating "phantom" vacancies. The existence of phantoms implies that older job listings are less likely to represent true vacancies than are younger ones. We assume that job seekers direct their search based on the...
Persistent link: https://www.econbiz.de/10012291017
We set-up a real business cycle model with search and matching frictions driven by several shocks, which nests full … and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each …
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