Burdett, Kenneth; Lagos, Ricardo; Wright, Randall - Department of Economics, University of Pennsylvania - 2003
We extend simple search-theoretic models of crime, unemployment and inequality to incorporate on-the-job search. This … of crime, on-the-job search models are more relevant empirically as well as more interesting in terms of the types of … equilibria they generate. We characterize crime decisions, unemployment, and the equilibrium wage distribution. We use …