Michau, Jean-Baptiste - London School of Economics (LSE) - 2007
This paper is about the labour market consequences of creative destruction with on-the-job search. We consider a … allowing on-the-job search. We obtain that the elasticity of unemployment with respect to growth shrinks from 1.63 to 0 … that search efforts are unobservable by firms which induces more on-the-job search. However, the action of worker is no …