Cyclical unemployment is the type of unemployment that is directly tied to the state of the economy. There is always a base level of unemployment that is expected, cyclical unemployment is all unemployment that is above or below that expected line (called full employment). A man lying down on...
Another example of unemployment is underemployment where the employee takes a job below his/her skill level because that is all the employee can find at the time, but is continually looking for employment at his/her skill level. Economics assigns unemployment into one… Words 489 - Pages 2...
capital during unemployment is considered.The model explains between a third and half of the observed residual wage dispersion.Adding on-the-job search, the model explains all of the observed residual wage dispersion.The model addresses the trade-off between wage dispersion and unemployment ...
Frictional unemployment means that workers, for some time, are a firm-specific factor of production. This paper models the resulting interaction of wage ba... K Kuester - 《Journal of Monetary Economics》 被引量: 57发表: 2010年 Equilibrium Labor Turnover, Firm Growth, and Unemployment This pap...
Horner (2018) shows vacancy rates for commercial real estate resemble unemployment data, suggesting that search may be as important for capital as it is for labor, and argues that rents on these properties vary considerably, inconsistent with Walrasian theory. In a particular market that has been...
But on the other hand, higher homophily separates the two groups of workers, prevents exchange of information about open vacancies, and leads to more unemployment, especially in recessions. So it is the trade-off between these two effects and not the desire to reduce income volatility, as in ...