@techreport{NBERw10655,
 title = "Search-Theoretic Models of the Labor Market-A Survey",
 author = "Richard Rogerson and Robert Shimer and Randall Wright",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "10655",
 year = "2004",
 month = "July",
 URL = "http://www.nber.org/papers/w10655",
 abstract = {We survey search-theoretic models of the labor market and discuss their usefulness for analyzing labor market dynamics, job turnover, and wages. We first examine single-agent models, showing how they can incorporate many interesting features and generate rich predictions. We then consider equilibrium models that endogenize several variables that are treated parametrically in single-agent models, including the arrival rate of job offers and the wage distribution. We survey alternative formulations of these models, emphasizing two key issues: how workers and firms meet, and how wages are determined. We emphasize throughout the implications of alternative assumptions for turnover, wage dispersion, and efficiency.},
}