New Microfoundations for the Aggregate Matching Function.
Empirical studies of the aggregate labor market matching function have favored a Cobb-Douglas functional form, for which there are no microfoundations in the existing literature. I present a new model for the matching process, based on a "telephone-line" Poisson queuing process, which, unl...
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| Format: | Journal article |
| Language: | English |
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Blackwell Publishing Inc.
2007
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