A two-sector implicit contracting model with procyclical quits and involuntary layoffs

Charles Carlstrom

No 8902, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An explanation of involuntary unemployment and procyclical quits based on models of implicit contracts and on-the-job search.

Keywords: Unemployment (search for similar items in EconPapers)
Date: 1989
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