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This paper describes a search model with a continuum of worker and job types, free entry and transferable utility. We apply a second-order Taylor expansion to characterize the equilibrium, derive the cost of search and show that it is decreasing in the substitutability of worker types. This cost...
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and labor demand. It starts by describing key characteristics of India's labor market; documents legal, economic, and … parameters of labor adjustment based on ASI industry data from 1973 to 1997. Specifically effects of the job security regime in … adjustment is a preferred mechanism in the presence of excess labor. Multi-dimensional program designs are found to be more …
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