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- W3147984223 abstract "We present a picture of the labor market, one with large flows of jobs and workers, and matching. We develop a consistent approach to the interaction among those flows and the stocks of unemployed workers and vacant jobs, and to the determination of wages. We estimate the matching function, using both aggregate data and data from manufacturing and find evidence of a stable matching process in the data. We examine the joint movements in unemployment, vacancies and wages -the Beveridge and Phillips curve relations- in the light of our model. We conclude that aggregate activity shocks rather than reallocation shocks dominate the movement of unemployment.(This abstract was borrowed from another version of this item.)" @default.
- W3147984223 created "2021-04-13" @default.
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- W3147984223 date "1989-11-01" @default.
- W3147984223 modified "2023-09-27" @default.
- W3147984223 title "The Aggregate Matching Function" @default.
- W3147984223 hasPublicationYear "1989" @default.
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