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Search unemployment with on-the-job search

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.

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Identification Number: 74

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
Subjects: H Social Sciences > HD Industries. Land use. Labor
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Series: Working Papers > CEP Discussion Papers
Date Deposited: 27 Apr 2007
Last Modified: 28 Feb 2013 16:20
URI: http://eprints.lse.ac.uk/id/eprint/2243

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