Finite Horizon Job Search, Null Offers and the Duration of Search Unemployment
AbstractThe predictions of job-search theory for an analysis of unemployment have long been of interest (e.g. see Lippman and McCall (1976 b), Barron (1975) and Feinberg (1977)). In particular an important question is with regard to the duration of search unemployment and its determinants. Unfortunately robust results in this area are few. The reason for this being the complexity of the solutions to optimal job search problems. In many cases (see Chalkley (1982) for summary) the optimal search strategy involves setting a reservation wage. If an offer in excess of the reservation wage is obtained it is optimal to accept the offer, otherwise contimued search is preferable. Where the reservation property holds it is relatively simple to relate the expected duration of search unemployment to the (set of) reservation wage(s). However the reservation wage(s) themselves can seldom be expressed analytically. In the absence of analytic expressions for the reservation wages an examination of the effect of changes in parameters of the problem on (for example) the duration of unemployment would seem to require numerical analysis.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 217.
Length: 25 pages
Date of creation: 1982
Date of revision:
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helen Neal).
If references are entirely missing, you can add them using this form.