The value of search-and-matching models for the labor market

University of Queensland economics professor John Quiggin of Crooked Timber recently published an excellent blog post questioning the usefulness and empirical success of the dominant macroeconomic model of the labor market: the search-and-matching framework.  Peter Diamond of the Massachusetts Institute of Technology, Dale Mortensen of Northwestern University, and Christopher Pissarides of the London School of … Continue reading The value of search-and-matching models for the labor market