Makdissi, Paul; Téjédo, Cyril - In: Revue économique 55 (2004) 1, pp. 93-102
In this paper, we develop a model in which hiring of unexperienced workers has a public good characteristic in revealing information on workers quality. We analyze the macroeconomic consequences of a microeconomics phenomenon : The job matching. In this framework, we show that a decentralized...