… search frictions in the labor market, and identify the conditions under which an option-value
effect materializes, and when it does … in firm value and a rise in unemployment. However, the …

… on-the-job search (OJS) and vacancy creation, giving rise to multiple equilibria. In their … from
the labor market itself but are more difficult to generate in the standard random search model …

… Unemployment exhibits clearly cyclical behavior, rising … By this metric, the labor market was
tighter at the end of 2019 … the natural rate of unemployment—as a measure of labor market …

… a directed search model of heterogeneity in labor market outcomes… , whereas the job-finding
rate of other workers rises during … on the labor market outcomes of the top 10% unemployed …

… early increases in broadband coverage. However, we show that key labor market characteristics
… This includes local labor market characteristics, such as unemployment rate, average …

… internet coverage increases the job-finding rates of job seekers. … matching efficiency and
falling cost of gathering information about job vacancies is that the natural rate of unemployment …

… We think this scenario is also fairly unlikely, since this increase in job separations would
bring separation rates up to the levels that prevailed during the Great Recession. …

… search are likely to respond endogenously to labor market … CPS to report lower rates OLF
and higher rates unemployed in later … searching as measured using the MPS index increases …

… labor market competition. This in turn contributes to dispersion in marginal products, giving
rise to … between job and worker flows, and the cyclicality of labor market quantities and prices. …

… hires from unemployment versus those who are job changers. We … , on-the-job search, and
heterogeneous match quality, and show … and aggregate evidence on labour market volatility. …