Skills of the unemployed and multiple equilibria in the labour market

Abstract

This draft describes how heterogenous workers may matter for matching functions and job-finding rates in recessions. I make two departures from the Mortensen-Pissarides workhorse model: A fixed hiring cost and differences in skill. The effects are to increase the volatility of the aggregate job-finding rate over the business cycle and to change the matching… (More)

Topics

Figures and Tables

Sorry, we couldn't extract any figures or tables for this paper.

Slides referencing similar topics