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This paper develops a search and matching model of equilibrium unemployment, with on-the-job search, extended to both … large, an increase in labour market tightness increases the unemployment rate and then the ‘vacancies-unemployment …
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its basic characteristics - labor force participation, employment, unemployment, hirings and separations, vacancies …
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By using the Pontryagin maximum procedure the author has found an optimal dynamic rule for the distribution of labor, investment, and material resources between the sectors of the open three-sector economy according to the maximi-zation criterion of discounted marginal consumption
Persistent link: https://www.econbiz.de/10009366508
The paper provides a framework for analysis of optimal growth enhancing policy in the economy with market and government failures. It develops an endogenous growth model with strategic complementarities between R&D investments of firms and investments in training of households. The model...
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