Should-Read: Guido Menzio and Shouyong Shi: Efficient Search on the Job and the Business Cycle: “A model of directed search… in which transitions… between unemployment and employment and across employers are driven by heterogeneity in the quality of firm-worker matches… …Agents’ value and policy functions are independent of the endogenous distribution of workers across employment … Continue reading Should-Read: Guido Menzio and Shouyong Shi: Efficient Search on the Job and the Business Cycle