Creative destruction with on-the-job search
نویسندگان
چکیده
منابع مشابه
Creative destruction with on-the-job search
Article history: Received 15 April 2011 Received in revised form 19 October 2012 Available online 30 October 2012 JEL classification: E24 J23 J63 J64 O39
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This paper is about the labour market consequences of creative destruction with on-the-job search. We consider a matching model in an economy with embodied technological progress and show that its dynamics are profoundly affected by allowing on-the-job search. We obtain that the elasticity of unemployment with respect to growth shrinks from 1.63 to 0.13. Moreover, the underlying transmission ch...
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ژورنال
عنوان ژورنال: Review of Economic Dynamics
سال: 2013
ISSN: 1094-2025
DOI: 10.1016/j.red.2012.10.011