Gautier, Pieter; Moraga-Gonzalez, Jose Luis; Wolthoff, … - Society for Economic Dynamics - SED - 2007
The speed at which unemployed workers find jobs depends on their search intensity. Most of the literature defines … search intensity as a scalar that influences the arrival rate of job offers. In this paper we treat it explicitly as the … socially optimal distribution of search intensities. We find that, from a social point of view, too little workers participate …