A Model Of Job Choice For The Analysis Of Government Intervention In Structural Adjustment
The paper presents a model of choice between alternative available jobs in which each job has an uncertain multi-period income prospect. Imperfectly informed expectations as well as job preferences and attitudes to risk determine the choice. The model is used to locate and discuss some problems of designing government programs which are intended to increase job mobility. The main conclusion is that government interventions may impose costs on the economy which are greater than the benefits because the information needed to assess costs and benefits is not generally available and political pressures may distort the expenditures.
Volume (Year): 24 (1980)
Issue (Month): 02 (August)
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- P. J. Lloyd, 1978. "International Pressures And Structural Change In Australia: An Overview," Economic Papers, The Economic Society of Australia, vol. 1(59), pages 78-90, 08.
- Pissarides, Christopher A, 1976. "Job Search and Participation," Economica, London School of Economics and Political Science, vol. 43(169), pages 33-49, February.
- Kohn, Meir G. & Shavell, Steven, 1974. "The theory of search," Journal of Economic Theory, Elsevier, vol. 9(2), pages 93-123, October.
- Kennedy, Jim, 1977. "The Process Of Farmer Adjustment," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 45(04), December.
- Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey," Economic Inquiry, Western Economic Association International, vol. 14(3), pages 347-68, September.
- Chipman, John S & Moore, James C, 1976. "Why an Increase in GNP Need Not Imply an Improvement in Potential Welfare," Kyklos, Wiley Blackwell, vol. 29(3), pages 391-418.
- S. C. Salop, 1973. "Systematic Job Search and Unemployment," Review of Economic Studies, Oxford University Press, vol. 40(2), pages 191-201.
- Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey: Part I," Economic Inquiry, Western Economic Association International, vol. 14(2), pages 155-89, June.
- Fisher, Anthony C, 1969. "The Cost of the Draft and the Cost of Ending the Draft," American Economic Review, American Economic Association, vol. 59(3), pages 239-54, June.
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