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