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:
Tuesdays, 12:00-14:00; HU Berlin, Spandauer Str. 1, room 21A
Wednesdays, 10:00-12:00; HU Berlin, Spandauer Str. 1, room 21B
Exam:
Written exam
More information can be found on Moodle.
