Equilibrium unemployment as a discipline device when finding employment is costly

Sang‐Moon Hahm and Katarina Mayer

Canadian Journal of Economics/Revue canadienne d'économique, 2011, vol. 44, issue 2, 709-717

Abstract: Abstract In this paper, we study a model that incorporates costly job search into an efficiency wage model. We show that the relationship between wages and detection rates is ambiguous in this framework. The model can generate a positive relationship, consistent with empirically reasonable values for unemployment rates, job finding rates, and employment duration. Dans ce mémoire, on étudie un modèle qui incorpore une recherche d’emploi coǔteuse dans un modèle de salaire d’efficience. On montre que la relation entre salaires et taux de détection est ambiguë. Le modèle peut générer une relation positive, consistante avec des valeurs empiriquement raisonnables pour les taux de chǒmage, les taux de détection d’emplois, et les durées d’emplois.

Date: 2011
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https://doi.org/10.1111/j.1540-5982.2011.01651.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:canjec:v:44:y:2011:i:2:p:709-717

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