Modeling Labor Markets in Macroeconomics: Search and Matching

By Michael Krause and Thomas Lubik

http://d.repec.org/n?u=RePEc:fip:fedrwp:14-19&r=dge

We present and discuss the simple search and matching model of the labor market against the background of developments in modern macroeconomics. We derive a simple representation of the model in a general equilibrium context and how the model can be used to analyze various policy issues in labor markets and monetary policy.

A very nice introduction to the topic, good for anyone who wants to learn about the topic, read up one some of its major developments, or assign it to students.