A directed tour of search-theoretic explanations for unemployment

Ian King

New Zealand Economic Papers, 2003, vol. 37, issue 2, 245-267

Abstract: This paper presents a survey and evaluation of search-theoretic models of unemployment. Four distinct categories of search models are identified and discussed: sequential sampling, equilibrium search, the matching function approach, and directed search. Each of these approaches are compared and contrasted, and the influence of each on current research directions is highlighted.

Date: 2003
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DOI: 10.1080/00779950309544386

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