Pissarides, Christopher 
ORCID: 0000-0002-0695-058X
(1992)
Search unemployment with on-the-job search.
CEP discussion paper (74).
London School of Economics and Political Science. Centre for Economic Performance, London, UK.
Abstract
This paper introduces on-the-job search into the model of search equilibrium that builds on the concept of the matching function and non-cooperative wage behavior. On-the-job search takes place only at short job tenures because of the accumulation of job-specific human capital. The model of search equilibrium retains familiar structure but yields new results. The most interesting is an increase in cyclical volatility of job vacancies and a dampening in that of unemployment, because of induced changes in the composition of jobs and the number of employed job seekers.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 1992 The Authors |
| Divisions: | Centre for Economic Performance Economics |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor |
| Date Deposited: | 27 Apr 2007 |
| Last Modified: | 13 Sep 2024 19:33 |
| URI: | http://eprints.lse.ac.uk/id/eprint/2243 |
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