employers. An equilibrium matching function emerges which has many of the features commonly assumed, including constant returns …. We characterize thge expected rate of pure "coordination unemployment": unemployment that exists purely for coordination …

employers. An equilibrium matching function emerges which has many of the features commonly assumed, including constant returns …. We characterize thge expected rate of pure "coordination unemployment": unemployment that exists purely for coordination …

and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage … policies on wages and unemployment. …

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …. -- Wage Rigidity ; Search and Matching Model ; Business Cycle …

cycle fluctuations in employment and unemployment. They argue that it is likely that wages are not adjusted as regularly as …

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …

unemployment rate and the actual unemployment rate in the country, which is a meaningful indicator of their misperception of labor … model includes: controls for the worker's ability; country-specific fixed effects; the unemployment rate in the region of … residence, which might be the benchmark respondents have in mind when reporting their perception of the national unemployment …

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …