Dolado, Juan J. (contributor); Jansen, Marcel (contributor); … - 2007
workers and (possibly) jobs, albeit with incomplete
segmentation of labor markets; and (II) endogenous job creation and job …
∞∞
⎡ ⎤=−−+ −+−+
⎣ ⎦
++
∫∫
(12)
so that 2( )
hd
ii ii
rKεε λ−= + . Equations (11) and (12) give the job destruction
and job creation rules …-type workers are
hired to compensate for the higher wage of applicants. The job creation
equation (JC) makes the expected cost of …