Michau, Jean-Baptiste - In: Review of Economic Dynamics 16 (2013) 4, pp. 691-707
economy without on-the-job search and by only 0.07 percentage points with on-the-job search. Rather than contributing to … unemployment through more frequent job separations, in the presence of on-the-job search, creative destruction induces a direct …This paper studies the consequences of creative destruction on unemployment in a frictional labor market with on-the-job …