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L'effort de recherche d'emploi et le comportement cyclique du chômage et des emplois vacants

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  • Fabien Tripier

Abstract

The ability of the standard matching model to explain the cyclical behavior of unemployment and vacancies is much debated. Shimer [2004ab] and Hall [2004] criticism this model for its lack of amplification mechanisms. They agree that this failure comes from the determination of wages according to a Nash bargaining process. We propose an alternative explanation based on the search intensity, which is constant in these contributions. The variability of search intensity constitutes a relevant amplification mechanism to account for the cyclical behavior of unemployment and vacancies even if the equilibrium wage is the outcome of Nash bargaining.

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  • Fabien Tripier, 2005. "L'effort de recherche d'emploi et le comportement cyclique du chômage et des emplois vacants," Revue économique, Presses de Sciences-Po, vol. 56(3), pages 573-582.
    • Handle: RePEc:cai:recosp:reco_563_0573
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