Reciprocity and matching frictions

Dennis Wesselbaum

No 1616, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: We build a RBC endogenous separation matching model and introduce efficiency wages along the lines of Akerlof (1982). While the standard endogenous separation matching model reveals shortcomings in explaining correlations and volatilities jointly, this approach performs reasonably well along both dimensions. The proper introduction of real rigidities can consistently enhance the performance of the (endogenous separation) matching model.

Keywords: Efficiency Wages; Endogenous Separations; Search and Matching (search for similar items in EconPapers)
JEL-codes: E32 J41 J64 (search for similar items in EconPapers)
Date: 2010
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Journal Article: Reciprocity and matching frictions (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1616

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