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Endogenous separations in a matching model

Newell, Andrew and Symons, James (1991) Endogenous separations in a matching model. CEP discussion paper, 35. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Identification Number: 35

Abstract

The paper develops a model in which employment is an enduring rent-sharing relationship. In each period rents are subject to a transient disturbance, and the parties weigh the future stream of benefits against current dis-benefits. The analysis suggests a strong correlation between real interest rates and aggregate unemployment because high real interest rates makes the employment relationship more fragile. This correlation is demonstrated for a number of time series of aggregate national data.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 1991 The Authors
Subjects: H Social Sciences > HD Industries. Land use. Labor
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Series: Working Papers > CEP Discussion Papers
Date Deposited: 21 Aug 2008 14:36
Last Modified: 28 Feb 2013 12:12
URI: http://eprints.lse.ac.uk/id/eprint/21104

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