Yves Zenou

Course: Job Search and Job Matching

COURSE OUTLINE [PDF

Some useful calculus rules [PDF]

Probability theory: some useful simple results [PDF]

Discounting: Discrete versus Continuous Compounding [PDF]

Some empirical facts [PDF] (from Cahuc and Zylberberg, Labor Economics, MIT Press 2004).

More recent empirical facts on flows in the labor market: Davis, Faberman and Haltiwanger (2006). [PDF]

The competitive model without frictions [PDF] (from Cahuc and Zylberberg, Labor Economics, MIT Press 2004).

The basic job-search model [PDF] (from Cahuc and Zylberberg, Labor Economics, MIT Press 2004).

The basic matching model [PDF]

How to derive the Bellman equations [PDF]

Poisson Processes [PDF]

Microfoundations of the Matching function and empirical evidences: Petrongolo and Pissarides JEL (2001) [PDF] and Stevens IER (2007) [PDF]

Dynamics of the search-matching model [PDF]

Heterogeneity and efficiency [PDF]

Dual Labor markets and search-matching: See Dolado, Jansen, and Jimeno (2003).

Wage Posting models [PDF]

Articles on European Unemployment

Ljungqvist and Sargent JPE 1998 [PDF]

Ljungqvist and Sargent WP Matching 2006 [PDF]

Exercise 1: The competitive model without frictions

Questions [PDF] Answers [PDF]

Exercise 2: The basic job-search model

Questions [PDFAnswers [PDF]

Exercises 3 and 4: The basic matching model

Questions [PDFAnswers [PDF]

Exercise 5: Good and bad jobs

Questions [PDF] Answers [PDF] 

Exercise 6: Multiple equilibria under balanced-budget rules (Rocheteau OEP 1999)

Questions [PDF] Answers [PDF]

 

References

Burdett, K. and D.T. Mortensen (1998), "Wage differentials, employer size, and unemployment," International Economic Review, 39, 257-273. [PDF

Dolado, J.J., Jansen, M. and J.F. Jimeno (2003), "On-the-job search in a matching model with heterogenous jobs and workers," Working Paper. [PDF]

Marimon R. and F. Zilibotti (1999), "Unemployment versus mismatch of talents: Reconsidering unemployment benefits", Economic Journal 109, 266-291. [PDF]

 Mortensen, D. and C.A. Pissarides (1994), "Job creation and job destruction in the theory of unemployment," Review of Economic Studies 61, 397-415. [PDF]

Mortensen, D.T. (2000), "Equilibrium unemployment with wage posting: Burdett-Mortensen meet Pissarides,". [PDF]

SURVEY ARTICLES

Mortensen, D.T. and C.A. Pissarides (1999), "New developments in models of search in the labor market", in Handbook of Labor Economics, D. Card and O. Ashenfelter (Eds.), Amsterdam: Elsevier Science, ch.39, 2567-2627. [PDF]

Mortensen, D.T. and C.A. Pissarides (1999),  Handbook of Macroeconomics. [PDF]

Yaariv (2007), EER. [PDF]

Rogerson, Wright and Shimer (2005), JEL. [PDF]

 

Leading Research Environment

IFN at the top

 

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The Research Institute of Industrial Economics, IFN, is a private and independent foundation devoted to pursuing highly relevant research for trade and industry.

The researchers at IFN are united in their belief that economic methods offer a powerful tool for understanding society.

The main research programs are:

  1. economics of entrepreneurship
  2. globalization and corporate restructuring
  3. economics of the service sector
  4. economics of the electricity markets
  5. economics of institutions and culture.

Global Award

Research on entrepreneurship

 

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The Global Award for Entrepreneurship Research is the foremost global award for research on entrepreneurship.This Prize is awarded annually with a prize sum of EUR 100,000.

IFN in cooperation with Entreprenörskapsforum and Vinnova are the principals of the award, in cooperation with the donor, Stockholms Köpmansklubb.

Hernando de Soto, President of the Institute for Liberty and Democracy (ILD), in Lima, Peru, is the winner of the Global Award for Entrepreneurship Research 2017. He will receive the award at a ceremony on May 15, 2016, in Stockholm.

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 | info@ifn.se