Endogenous job specialization
AbstractAccording to some authors, technical change contributes to the explanation of the increase in equilibrium unemployment by making jobs more and more specialized. Here, we assume that firms optimally adapt the specialization of jobs to overall labour market conditions. Using a matching labour market framework, we show that the increase in unemployment can explain the higher specialization of jobs.
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Bibliographic InfoArticle provided by Elsevier in its journal Economic Modelling.
Volume (Year): 26 (2009)
Issue (Month): 2 (March)
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Web page: http://www.elsevier.com/locate/inca/30411
Endogenous specialization of jobs Matching Equilibrium unemployment;
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