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A market structure for an environment with heterogeneous job-matches, indivisible labor and persistent unemployment

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  • Merz, Monika

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File URL: http://www.sciencedirect.com/science/article/pii/S0165-1889(95)00004-6
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Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 21 (1997)
Issue (Month): 4-5 (May)
Pages: 853-872

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Handle: RePEc:eee:dyncon:v:21:y:1997:i:4-5:p:853-872
Contact details of provider: Web page: http://www.elsevier.com/locate/jedc

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  1. Mortensen, Dale & Pissarides, Christopher, 2011. "Job Creation and Job Destruction in the Theory of Unemployment," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 19 pages.
  2. Gary Hansen, 2010. "Indivisible Labor and the Business Cycle," Levine's Working Paper Archive 233, David K. Levine.
  3. Long, John B, Jr & Plosser, Charles I, 1983. "Real Business Cycles," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 39-69, February.
  4. Mortensen, Dale T., 1994. "The cyclical behavior of job and worker flows," Journal of Economic Dynamics and Control, Elsevier, vol. 18(6), pages 1121-1142, November.
  5. Prescott, Edward C & Mehra, Rajnish, 1980. "Recursive Competitive Equilibrium: The Case of Homogeneous Households," Econometrica, Econometric Society, vol. 48(6), pages 1365-79, September.
  6. Rogerson, Richard, 1988. "Indivisible labor, lotteries and equilibrium," Journal of Monetary Economics, Elsevier, vol. 21(1), pages 3-16, January.
  7. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-70, November.
  8. Pissarides, Christopher A, 1988. "The Search Equilibrium Approach to Fluctuations in Employment," American Economic Review, American Economic Association, vol. 78(2), pages 363-68, May.
  9. Antonio Cabrales & Hugo Hopenhayn, 1998. "Job dynamics, correlated shocks and wage profiles," Economics Working Papers 260, Department of Economics and Business, Universitat Pompeu Fabra.
  10. Pissarides, Christopher A, 1985. "Short-run Equilibrium Dynamics of Unemployment Vacancies, and Real Wages," American Economic Review, American Economic Association, vol. 75(4), pages 676-90, September.
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Cited by:

  1. David Andolfatto & Scott Hendry & Kevin Moran, 2002. "Labour Markets, Liquidity, and Monetary Policy Regimes," Staff Working Papers 02-32, Bank of Canada.
  2. Tripier, Fabien, 2004. "Can the labor market search model explain the fluctuations of allocations of time?," Economic Modelling, Elsevier, vol. 21(1), pages 131-146, January.
  3. Heijdra, B.J. & Ligthart, J.E., 2002. "The hiring subsidy cum firing tax in a search model of unemployment," Other publications TiSEM 1b332bc9-2dda-40c4-a230-9, Tilburg University, School of Economics and Management.
  4. Merz, Monika, 1999. "Heterogeneous job-matches and the cyclical behavior of labor turnover," Journal of Monetary Economics, Elsevier, vol. 43(1), pages 91-124, February.
  5. Samuel Danthine & Michel De Vroey, 2016. "The Integration of Search in Macroeconomics: Interviews with David Andolfatto, Peter Diamond and Monika Merz," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2016013, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  6. Tang, Jenn-Hong, 2007. "Gross job flows and technology shocks in nondurable and durable goods sectors," Journal of Macroeconomics, Elsevier, vol. 29(2), pages 326-354, June.

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