Worker’s surplus share | β | 0.5 |

Productivity of a new job | y | 1 |

Risk free interest rate | r | 0.02 |

Idiosyncratic shock arrival rate | λ | 0.1 |

Vacant job maintenance costs | c | 0.4 |

Value of leisure | b | 0.14 |

Elasticity of the matching function | η | 0.5 |

Replacement ratio | ρ | 0.2 |

Marginal taxation | t | 0.2 |

Lower idiosyncratic shock probability distribution support | γ | 0.53 |