search query: @author Martin, L. / total: 12
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| Author: | Davidson, C. Martin, L. Matusz, S. |
| Title: | Search, unemployment, and the production of jobs. |
| Journal: | Economic Journal
1987 : DEC, VOL. 97:388, p. 857-876 |
| Index terms: | EQUILIBRIUM THEORY UNEMPLOYMENT JOB SEARCH JOB CREATION ECONOMETRIC MODELS |
| Language: | eng |
| Abstract: | It is aimed to present and analyse a simple two sector general equilibrium model which incorporates some of the real world frictions that keep factor markets from functioning perfectly. The performance of the economy is investigated when search is required to find employment and when the duration of employment varies across sectors. This is accomplished by assuming that in one sector, factor markets are frictionless so that the duration of unemployment is zero, while in the other one idle factors of production must actively search each other out in order to produce. |
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