A directed tour of search-theoretic explanations for unemployment
AbstractThis paper presents a survey and evaluation of search-theoretic models of unemployment. Four distinct categories of search models are identified and discussed: sequential sampling, equilibrium search, the matching function approach, and directed search. Each of these approaches are compared and contrasted, and the influence of each on current research directions is highlighted.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal New Zealand Economic Papers.
Volume (Year): 37 (2003)
Issue (Month): 2 ()
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Web page: http://www.tandfonline.com/RNZP20
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Department of Economics - Working Papers Series
1049, The University of Melbourne.
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