Browning, Martin; Crossley, Thomas F.; Smith, Eric F. - In: Review of Economic Dynamics 10 (2007) 3, pp. 400-423
If access to credit is limited (especially when young or unemployed) but "bad" jobs are easy to come by, then job seekers might use short term employment in undesirable jobs as a way to finance consumption during subsequent unemployed search for a "good" job. In this paper we explore this idea...