Pissarides, Christopher (1992) Search unemployment with on-the-job search. CEP discussion paper, 74. Centre for Economic Performance, London School of Economics and Political Science, London, UK.
Full text not available from this repository.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 |
| Library of Congress subject classification: | H Social Sciences > HD Industries. Land use. Labor |
| Sets: | Collections > Economists Online Research centres and groups > Centre for Economic Performance (CEP) Departments > Economics |
| Identification Number: | 74 |
| Date Deposited: | 27 Apr 2007 |
| URL: | http://eprints.lse.ac.uk/2243/ |
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