New Microfoundations for the Aggregate Matching Function, with Empirical and Theoretical Implications.
Although a number of different models have been suggested for the process that brings workers and firms together in the labour market, none of these performs well in empirical studies of the aggregate matching function. Empirically, the most successful functional form is Cobb-Douglas, for which ther...
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| Format: | Working paper |
| Language: | English |
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Department of Economics (University of Oxford)
2002
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