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Search Theory at Twenty-One

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  • Christopher A. Pissarides

Abstract

This paper reviews work in search theory, twenty-one years after the publication of the influential Phelps volume. It concentrates on work that builds on the concept of the matching function. It reviews the empirical foundations of the matching function, its implications for labour market equilibrium, in particular wage formation and employment dynamics, and suggests directions for future work.

Suggested Citation

  • Christopher A. Pissarides, 1992. "Search Theory at Twenty-One," CEP Discussion Papers dp0090, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepdps:dp0090
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    Cited by:

    1. World Bank, 2004. "Growth, Employment and Living Standards in Pre-Accession Poland, Volume 1," World Bank Publications - Books, The World Bank Group, number 14904.
    2. Franz, Wolfgang & Smolny, Werner, 1993. "The measurement and interpretation of vacancy data and the dynamics of the Beveridge-curve: The German case," Discussion Papers 4, University of Konstanz, Center for International Labor Economics (CILE).
    3. World Bank, 2004. "Growth, Employment and Living Standards in Pre-Accession Poland," World Bank Publications - Reports 15542, The World Bank Group.
    4. Smolny, Werner, 1993. "Non-linear models of employment adjustment," Discussion Papers 8, University of Konstanz, Center for International Labor Economics (CILE).
    5. Tito Boeri, 1994. "“Transitional” unemployment," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 2(1), pages 1-25, March.

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