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Labor Market Size and Unemployment Duration: A Theoretical Note

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Author Info

  • Peter Schaeffer

    ()
    (Division of Resource Management, West Virginia University)

  • Tesfa Gebremedhin

    ()
    (Regional Research Institute, West Virginia University)

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    Abstract

    When job prospects are uncertain, labor market size matters even when labor and jobs, respectively, are homogenous. The expected unemployment duration and its standard deviation may then differ systematically with labor market size.

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    File URL: http://rri.wvu.edu/wp-content/uploads/2012/11/schaeffertesfawp2004-8.pdf
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    Bibliographic Info

    Paper provided by Regional Research Institute, West Virginia University in its series Working Papers with number 200408.

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    Length: 15 pages
    Date of creation: 2004
    Date of revision:
    Handle: RePEc:rri:wpaper:200408

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    Web page: http://rri.wvu.edu/research/working-papers/
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    Related research

    Keywords: labor market; unemployment; labor market size;

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    1. Timothy J. Bartik, . "Spillover Effects of Welfare Reforms in State Labor Markets," Upjohn Working Papers and Journal Articles tjb2002jrs, W.E. Upjohn Institute for Employment Research.
    2. Fields, Gary S, 1976. "Labor Force Migration, Unemployment and Job Turnover," The Review of Economics and Statistics, MIT Press, vol. 58(4), pages 407-15, November.
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