process and labor markets are characterized by search and matching frictions. Entrants post vacancies and are matched to idle …

percent increase in the statelevel effective minimum wage reduces vacancies by 2.4 percent in the same quarter, and the … cumulative effect is as large as 4.5 percent a year later. The negative effect on vacancies is more pronounced for occupations …. We argue that our focus on vacancies versus on employment has a distinct advantage of highlighting a mechanism through …

We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market …

This paper is concerned with the business cycle dynamics in search-and-matching models of the labor market when agents … volatility of vacancies and unemployment. This channel can be relevant if the lack of insurance is large enough so that the …

vacancies in the local labor market, and what impact it has on employment. A greater availability of unemployed workers should … make it easier for a firm to fill a vacancy but more vacancies at other firms should make it more difficult, due to the … unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor …

equilibrium search and matching model with risk-averse workers and two states, namely, a good and a bad state.The model yields …

This paper develops a Walrasian equilibrium theory of establishment level dynamics and matching frictions and uses it … to evaluate the effects of congestion externalities in the matching process and determine the government interventions …

This chapter assesses how models with search frictions have shaped our understanding of aggregatelabor market outcomes … market outcomes for a large set of OECD countries. We thenask how models with search improve our understanding of these data …. Our results are mixed. Searchmodels are useful for interpreting the behavior of some additional data series, but search …

unusually informative data comprising detailed information on vacancies, the establishments posting the vacancies, and the … workers eventually filling the vacancies. We find that vacancy durations are negatively correlated with the starting wage and … confirm previous findings that growing establishments fill their vacancies faster. To understand the relationship between …

fluctuations of unemployment, vacancies, and labor productivity whose relative magnitudes replicate the data. A standard search and … matching model suggests much lower volatitilities of these variables. Intuitively, in a boom, rising search activity on the job …We develop a dynamic general equilibrium model where workers can engage in search while on the job. We show that on …