Equilibrium models of labor markets characterized by search and recruiting friction and by
the need to reallocate workers from time to time across alternative productive activities …

In the 1970s, European unemployment started increasing. It increased further in the 1980s,
to reach a plateau in the 1990s. It is still high today, although the average unemployment …

This paper quantifies employer market power in US manufacturing and how it has changed
over time. Using administrative data, we estimate plant-level markdowns—the ratio between …

Social'and'Economic' Networks' Page 1 Social'and'Economic' Networks' ! ! ! ! ! ! ! Matthew O.
Jackson Copyright: Matthew O. Jackson 2014 Please do not post or distribute without …

This book focuses on the modeling of the transitions in and out of unemployment, given the
stochastic processes that break up jobs and lead to the formation of new jobs, and on the …

We study the role of establishment-specific wage premiums in generating recent increases
in West German wage inequality. Models with additive fixed effects for workers and …

This paper argues that the textbook search and matching model cannot generate the
observed business-cycle-frequency fluctuations in unemployment and job vacancies in …

There are fewer people living in extreme poverty in the world today than 30 years ago. While
that is an achievement, continuing progress for poor people is far from assured. Inequalities …

We show that skill requirements in job vacancy postings differentially increased in MSAs that
were hit hard by the Great Recession, relative to less hard-hit areas. These increases persist …

What happens if an employer cuts wages by one cent? Much of labor economics is built on
the assumption that all the workers will quit immediately. Here, Alan Manning mounts a …