Mitra, Devashish; Ranjan, Priya - Department of Economics, University of California-Irvine - 2012
-style model of search unemployment to study its implications for the unemployment rates of unskilled and skilled workers in both … unskilled workers takes the form of an increase in their wage and unemployment, we also find interesting effects on skilled … workers in a closed economy. The skilled wage and skilled unemployment move in directions opposite to each other, with the …