Reiter, MichaelUniversitat Pompeu Fabra. Departament d'Economia i Empresa2017-07-262017-07-262006-10-01http://hdl.handle.net/10230/861The paper shows that a matching model where technological change is partially embodied in the job match is 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.application/pdfengL'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commonsinfo:eu-repo/semantics/workingPaperunemploymentwage dynamicsembodied technical changeMacroeconomics and International Economicsinfo:eu-repo/semantics/openAccess