Unemployment and the Asset Market for Jobs
نویسنده
چکیده
Search models of unemployment motivate analysis through a matching problem between two distinct groups in the economy: firms and workers. A question which arises is why can’t workers circumvent search frictions by creating jobs themselves? Meanwhile, firms are able to supply vacant jobs perfectly elastically: how are vacancies sourced? I address these concerns in an environment where ex ante identical agents can create, buy or sell jobs, and assess the model quantitatively.
منابع مشابه
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