Embodied Technical Change and the Fluctuations of Unemployment and Wages
构建了一个技术变革部分体现于工作匹配的匹配模型，成功解释了失业和职位空缺的波动性；加入长期工资合同后，还解释了实际工资动态的若干典型事实。
Abstract A matching model where technological change is partially embodied in the job match is shown to be successful in explaining the variability of unemployment and vacancies. If we incorporate long‐term wage contracts into the model, it also explains a number of stylized facts on the dynamics of real wages, which have been found in the empirical labor literature.