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The DOI matches its Crossref record; 119 of the 119 references it cites were found in a registry or an index.

Search-Theoretic Models of the Labor Market: A Survey

Rogerson, Richard, Shimer, Robert, Wright, Randall·2005·Journal of Economic Literature

Abstract

We survey the literature on search-theoretic models of the labor market. We show how this approach addresses many issues, including the following: Why do workers sometimes choose to remain unemployed? What determines the lengths of employment and unemployment spells? How can there simultaneously exist unemployed workers and unfilled vacancies? What determines aggregate unemployment and vacancies? How can homogeneous workers earn different wages? What are the tradeoffs firms face from different wages? How do wages and turnover interact? What determines efficient turnover? We discuss various modeling choices concerning wage determination and the meeting process, including recent models of directed search.

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Metadata

Authors
Rogerson, R., Shimer, R., & Wright, R.
Venue
Journal of Economic Literature
Published
2005-11-01
Volume
43
Issue
4
Pages
959-988
ISSN
0022-0515 (ISSN-L)
OpenAlex
W3121814081
Cited by
1,051
References
119
FWCI
101.78
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Search-Theoretic Models of the Labor Market: A Survey. https://app.cochat.ai/papers/10.1257/002205105775362014
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Rogerson, R., Shimer, R., & Wright, R. (2005). Search-Theoretic Models of the Labor Market: A Survey. Journal of Economic Literature. https://doi.org/10.1257/002205105775362014

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