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| Author: | Pissarides, C. |
| Title: | Search unemployment with On-the job search |
| Journal: | Review of Economic Studies
1994 : JUL, VOL. 61(3):208, p. 457-475 |
| Index terms: | UNEMPLOYMENT JOB SEARCH ECONOMICS |
| Language: | eng |
| 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 job behaviour. 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 its familiar structure but yields new results. The most interesting one is a fall in the responsiveness of unemployment to productivity shocks because of induced changes in the composition of jobs and the number of employed job seekers. |
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