“...This paper argues that the textbook search and matching model cannot generate the observed business-cycle-frequency fluctuations in unemployment and job...”

“...We develop a dynamic equilibrium model of asset markets with adverse selection. There exists a unique equilibrium in which better quality assets trade at...”

“...This paper studies wage bargaining in a simple economy in which both employed and unemployed workers search for better jobs. The axiomatic Nash bargaining...”

“...We study economies with adverse selection, plus the frictions in competitive search theory. With competitive search, principals post terms of trade...”

“...I review research on the behavior of the labor wedge, the ratio between the marginal rate of substitution of consumption for leisure and the marginal product...”

“...We survey the literature on search-theoretic models of the labor market. We show how this approach addresses many issues, including the following: Why do...”

“...Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert...”

“...An increase in the share of youth in the working age population of one state or region relative to the rest of the United States causes a sharp reduction in...”

“...In Becker's (1973) neoclassical marriage market model, matching is positively assortative if types are complements: i.e., match output f(x, y) is supermodular...”

“...We develop the implications of the stock-flow matching model for unemployment, vacancies, and worker flows. Workers and jobs are heterogeneous, so most...”