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This paper analyzes the role of the period length in a search model of the labor market and argues that it has profound implications for the market equilibrium. In the model, job offers and job destruction shocks arrive according to a Poisson process in continuous time, but institutional factors...
Persistent link: https://www.econbiz.de/10009425774
Persistent link: https://www.econbiz.de/10010423938
This paper analyzes the role of the period length in a search model of the labor market and argues that it has profound implications for the market equilibrium. In the model, job offers and job destruction shocks arrive according to a Poisson process in continuous time, but institutional factors...
Persistent link: https://www.econbiz.de/10013119736
This paper analyses job seekers' perceptions and their relationship to unemployment outcomes to study heterogeneity and …, accounting for most of the observed decline in job finding rates over the spell of unemployment. We also find that job seekers … calibrated model of job search how these biased beliefs contribute to the slow exit out of unemployment and can explain more than …
Persistent link: https://www.econbiz.de/10012907446
This paper analyses job seekers' perceptions and their relationship to unemployment outcomes to study heterogeneity and … finding rates, accounting for almost all of the observed decline in job finding rates over the spell of unemployment. Moreover … unemployment. The biases can explain more than 10 percent of the incidence of long-term unemployment …
Persistent link: https://www.econbiz.de/10012480945
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