An adaptation of Pissarides (1990) by using random job destruction rate

Huiming Wang

MPRA Paper from University Library of Munich, Germany

Abstract: This paper works on an adaptation of the standard Pissarides model to incorporate-rate an exponentially distributed match specific�c job destruction rate. We discuss the characterization of equilibrium, equilibrium wage, number of equilibria, stead state unemployment, welfare and comparative statics problems in this adapted model.

Keywords: Pissardies model; random job destruction rate (search for similar items in EconPapers)
JEL-codes: J41 (search for similar items in EconPapers)
Date: 2009-12
New Economics Papers: this item is included in nep-dge and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:21103

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