Job-Finding and Job-Losing: A Comprehensive Model of Heterogeneous Individual Labor-Market Dynamics
---- Acknowledgments ----
Hall's research was supported by the Hoover Institution. Any opinions expressed are those of the authors and do not reflect those of the Federal Reserve Bank of San Francisco, the Federal Reserve System, or the National Bureau of Economic Research. We thank Steve Davis, Hank Farber, Jim Hamilton, and Guido Menzio for helpful comments.