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Unemployment compensation and labor migration in search equilibrium model

✍ Scribed by Chuhwan Park

Publisher: Springer
Year: 2008
Tongue: English
Weight: 180 KB
Volume: 43
Category: Article
ISSN: 0570-1864
DOI: 10.1007/s00168-008-0244-9

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## Abstract This paper considers a job search model in which the environment is not constant throughout the unemployment spell and where jobs do not last for ever. In this situation, reservation wages can be lower than they would be in a model without consideration of such separations, but they can