A directed tour of search-theoretic explanations for unemployment
This paper presents a survey and evaluation of search-theoretic models of unemployment. Four distinct categories of search models are identified and discussed: sequential sampling, equilibrium search, the matching function approach, and directed search. Each of these approaches are compared and contrasted, and the influence of each on current research directions is highlighted.
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Volume (Year): 37 (2003)
Issue (Month): 2 ()
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