A Search Model of Unemployment and Firm Dynamics

Matteo Richiardi

No 30, LABORatorio R. Revelli Working Papers Series from LABORatorio R. Revelli, Centre for Employment Studies

Abstract: An urn-ball probabilistic model of the labour market is developed. Agents can be employed, (voluntary or involuntary) unemployed or entrepreneurs. The analytical long run equilibrium probabilities for each state and the matching function are derived. Then, the out-of-equilibrium dynamics are investigated through an agent-based simulation, which provides also results on firm demography. The simulation model is finally used to investigate departures from maximizing individual behaviour and the effects of more realistic assumptions about profits and the business cycle.

Keywords: Unemployment; Jobs; Startup; Vacancies; Search; Simulation. (search for similar items in EconPapers)
JEL-codes: C15 D83 J63 J64 (search for similar items in EconPapers)
Pages: 50 pages
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Chapter: A SEARCH MODEL OF UNEMPLOYMENT AND FIRM DYNAMICS (2004)
Journal Article: A SEARCH MODEL OF UNEMPLOYMENT AND FIRM DYNAMICS (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:cca:wplabo:30

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