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2008 Documento de Trabajo #245

A large firm model of the labor market with entry, exit and search frictions

I augment the standard large-firm matching model with a firm process of entry and exit. This extension requires the analysis of firm-level dynamics, which I present in this note. I also show the equivalence of the model with the one-worker firm model from Pissarides (2000).

JEL: J63.

Alexandre Janiak

Keywords: entry, exit, large firm, matching frictions, unemployment