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The consequences of rigid wages in search models
In: NBER working paper series 10326
The cyclical behavior of equilibrium unemployment and vacancies: evidence and theory
In: NBER working paper series 9536
The assignment of workers to jobs in an economy with coordination frictions
In: NBER working paper series 8501
Comment
In: NBER macroeconomics annual, Volume 36, p. 56-67
ISSN: 1537-2642
Labor Markets
In: Journal of political economy, Volume 125, Issue 6, p. 1834-1840
ISSN: 1537-534X
Comment
In: NBER macroeconomics annual, Volume 27, Issue 1, p. 78-84
ISSN: 1537-2642
Wage rigidities and jobless recoveries
In: Journal of Monetary Economics, Volume 59, p. S65-S77
Comment on: "New Keynesian perspectives on labor market dynamics" by Tommy Sveen and Lutz Weinke
In: Journal of monetary economics, Volume 55, Issue 5, p. 931-935
The Probability of Finding a Job
In: American economic review, Volume 98, Issue 2, p. 268-273
ISSN: 1944-7981
Comment
In: NBER macroeconomics annual, Volume 23, Issue 1, p. 59-72
ISSN: 1537-2642
Mismatch
In: American economic review, Volume 97, Issue 4, p. 1074-1101
ISSN: 1944-7981
This paper develops a dynamic model of mismatch. Workers and jobs are randomly allocated to labor markets. Each market clears, but some have excess (unemployed) workers and some have excess (vacant) jobs. As workers and jobs switch markets, unemployed workers find vacancies and employed workers become unemployed. The model is quantitatively consistent with the business cycle frequency comovement of unemployment, vacancies, and the job finding rate and explains much of these variables' volatility. It can also address cyclicality in the separation rate into unemployment and duration dependence in the job finding rate. The results are robust to some nonrandom mobility. (JEL E24, J41, J63, J64)
Reassessing the Ins and Outs of Unemployment
In: NBER Working Paper No. w13421
SSRN
The Assignment of Workers to Jobs in an Economy with Coordination Frictions
In: Journal of political economy, Volume 113, Issue 5, p. 996-1025
ISSN: 1537-534X