Toward understanding assortative matching, this is a self-contained introduction to research
on search and matching. We first explore the nontransferable and perfectly transferable …

This essay surveys the literature on directed search and competitive search equilibrium,
covering theory and a variety of applications. These models share features with traditional …

This paper measures the job-search responses to the COVID-19 pandemic using real-time
data on vacancy postings and job ad views on Sweden's largest online job board. First, new …

This paper shows that employment in cohorts of US firms is strongly influenced by aggregate
conditions at the time of their entry. Employment fluctuations of startups are procyclical, they …

Firms spend substantial resources on marketing and selling. Interpreting this as evidence of
frictions in product markets, which require firms to spend resources on customer acquisition …

I study the effect of labor market imperfections on the labor share in a tractable model that
emphasizes the interaction between productivity dispersion and firm competition for workers …

We build an equilibrium model of a small open economy with labor market frictions and
imperfectly enforced regulations. Heterogeneous firms sort into the formal or informal sector …

This paper is the first to study vacancies, hires, and vacancy yields at the establishment level
in the Job Openings and Labor Turnover Survey, a large sample of US employers. To …

This paper studies the impact of time‐varying idiosyncratic risk at the establishment level on
unemployment fluctuations over 1972–2009. I build a tractable directed search model with …

Using a proprietary database of online job postings, we find that education and experience
requirements rose during the Great Recession. These increases were larger in states and …