The Theory of Labor Markets with Search Frictions

Description:
Search and matching frictions as a fundamental and defining attribute of labor markets. Role of matching frictions in models of employment, unemployment, and other phenomena. Introduction to search theory in partial equilibrium settings. On-the-job search and wage distributions in general equilibrium. Models of wage-posting. Jovanovic's model. Implications for labor market institutions, policies, and macroeconomic analysis.

Literature:
Specialized literature, script.

Time & venue:
Mondays, 12:00-14:00; HU Berlin (starting on 19.10.2026, Spandauer Str. 1, room 21A
Thursdays, 08:00-10:00; HU Berlin (starting on 22.10.2026) , Spandauer Str. 1, room 21A

Exam:
Written exam (90 min)