Search, Flows, Job Creations and Destructions

Pierre Cahuc

No 8173, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper presents a short overview of dynamic models of labor markets with transaction costs. It shows that these models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage formation. It argues that this renewal provides a very useful toolkit for analyzing important economic policy issues such as the optimal level of unemployment benefits, the funding of unemployment insurance and the impact of employment protection legislation.

Keywords: workers flows; job flows; job search; unemployment (search for similar items in EconPapers)
JEL-codes: J31 J38 J6 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2014-05
New Economics Papers: this item is included in nep-dge, nep-lab, nep-lma and nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Published - published in: Labour Economics, 2014, 30, 22-29

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Journal Article: Search, flows, job creations and destructions (2014)
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