According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when …

-Douglas contact function or by combining a degenerate contact function with idiosyncratic productivity shocks for new jobs. Despite … negative time trend in estimated matching functions. In addition, the full nonlinear combined model generates highly asymmetric …

In a reasonably calibrated Mortensen and Pissarides matching model, shocks to average labor productivity can account … argues that if vintage specific shocks rather than aggregate productivity shocks are the driving force of fluctuations, the …

I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor … market sorting, and aggregate shocks. In response to a positive productivity shock, incentives to sort increase … disproportionately. Firms respond by posting additional vacancies, and the strength of the response is increasing in firm productivity …

workers are employed in more productive industries. The evidence confirms assortative matching can be present even when worker …

In the standard macroeconomic search and matching model of the labor market, there is a tight link between the … quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This … calibration of the model based on U.S. JOLTS data generates both a solid amplification of productivity shocks and a moderate …

In the standard macroeconomic search and matching model of the labor market, there is a tight link between the … quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This … calibration of the model based on U.S. JOLTS data generates both a solid amplification of productivity shocks and a moderate …