We review the recent literature on rational inattention, identify the main theoretical
mechanisms, and explain how it helps us understand a variety of phenomena across fields …

This paper studies the extent to which the cyclicality of occupational mobility shapes that of
aggregate unemployment and its duration distribution. We document the relation between …

I study the labor market implications of an equilibrium search model with flexible degrees of
information availability, which nests the random and directed search models as special …

We analyze matching markets with stochastic characteristics: agents' payoff-relevant
characteristics are realized after matching takes place, and matches are formed based on ex …

We survey work that uses Bayesian learning in macroeconomics, highlighting common
themes and new directions. First, we present many of the common types of learning …

Many markets feature sequentially mixed search (SMS), which is search directed toward a
price distribution followed by noisy matching with multiple offers. I construct a tractable …

We review models of nominal price adjustment based on optimizing or near-optimal
behavior, including menu cost models, generalized hazard function models and models of …

To find families for the more than 100,000 children in need of adoptive placements, most
United States child welfare agencies have employed a family-driven search strategy in …

We consider a worker's job search problem in which firms arrive sequentially, observe the
worker's unemployment duration, and conduct an interview to learn about her unobservable …

We develop a search/matching model in the marriage market with heterogeneous men (a
continuum of types) and heterogeneous women (a finite number of types). The model has …