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.
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)|
|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
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