Munich, Daniel; Svejnar, Jan; Terrell, Katherine - EconWPA - 2001
unemployed in the outflow from unemployment, (3) a matching process with strongly increasing returns to scale throughout (rather … than only in parts of) the transition period, and (4) ability to keep the long term unemployed at relatively low levels …. Using the framework of matching functions we find that in many years the usual Cobb-Douglas specification and the hypothesis …