market dynamics. -- search ; matching ; U.S. labor market ; vacancies ; labor market flows ; business cycles …Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool … high volatility of most of the key variables, the negative co-variation of unemployment and vacancies, and the behavior of …

-finding rates. A search-matching model with endogenous separations and worker heterogeneity in terms of ability has difficulty in …

Recently, a number of authors have argued that the standard search model cannot generate the observed business …-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation …

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

vacancies on the other hand, which is observationally equivalent to a constant return Cobb-Douglas function commonly used to … model match formation. We use German administrative labor market data to show that the matching function correlation solely … based on idiosyncratic productivity and free entry is very close to the empirical matching function. Consequently, we argue …

vacancies on the other hand, which is observationally equivalent to a constant returns Cobb-Douglas function commonly used to … model match formation. We use German administrative labor market data to show that the matching function correlation solely … based on idiosyncratic productivity and free entry is very close to the empirical matching function. Consequently, we argue …

comovement between matches, unemployment, and vacancies in dynamic labor market models: either by assuming a standard Cobb … negative time trend in estimated matching functions. In addition, the full nonlinear combined model generates highly asymmetric …

, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … separations and on-the-job search quantitatively accounts for all the documented empirical regularities. The model also …

, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … separations and on-the-job search quantitatively accounts for all the documented empirical regularities. The model also …

I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor … disproportionately. Firms respond by posting additional vacancies, and the strength of the response is increasing in firm productivity …