An adaptation of Pissarides (1990) by using random job destruction rate
AbstractThis paper works on an adaptation of the standard Pissarides model to incorporate-rate an exponentially distributed match specific�c job destruction rate. We discuss the characterization of equilibrium, equilibrium wage, number of equilibria, stead state unemployment, welfare and comparative statics problems in this adapted model.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 21103.
Date of creation: Dec 2009
Date of revision:
Pissardies model; random job destruction rate;
Find related papers by JEL classification:
- J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-03-20 (All new papers)
- NEP-DGE-2010-03-20 (Dynamic General Equilibrium)
- NEP-LAB-2010-03-20 (Labour Economics)
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