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an expected long period of unemployment make a job more valuable during recessions. I estimate the elasticity of the …
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years. Theoretically, periods of recessions and high unemployment should directly influence individual’s decisions whether …, contacting employers, interviewing, reading ads on the internet and so forth. Results from Tobit estimation indicate the …
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changes in vacancies would predict. Overall, these job search responses have the potential to amplify the labour demand shock. …
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