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 and macroeconomic analysis.
Specialized literature, Skript.
StO/PO MA 2016: 6 LP, Modul: "Topics in Labor Economics and Macroeconomics"
StO/PO MEMS 2016: 6 LP, Modul: "Topics in Labor Economics and Macroeconomics", Major: Macroeconomics
Written exam (90 min)