Labor Market Size and Unemployment Duration: A Theoretical Note

Peter Schaeffer and Tesfa Gebremedhin ()
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Tesfa Gebremedhin: Regional Research Institute, West Virginia University

Working Papers from Regional Research Institute, West Virginia University

Abstract: When job prospects are uncertain, labor market size matters even when labor and jobs, respectively, are homogenous. The expected unemployment duration and its standard deviation may then differ systematically with labor market size.

Keywords: labor market; unemployment; labor market size (search for similar items in EconPapers)
JEL-codes: J64 J68 R12 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2004, Revised 2007-03-21
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Persistent link: https://EconPapers.repec.org/RePEc:rri:wpaper:2004wp08

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