An adaptation of Pissarides (1990) by using random job destruction rate
This paper works on an adaptation of the standard Pissarides model to incorporate-rate an exponentially distributed match specific�c job destruction rate. We discuss the characterization of equilibrium, equilibrium wage, number of equilibria, stead state unemployment, welfare and comparative statics problems in this adapted model.
|Date of creation:||Dec 2009|
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Web page: https://mpra.ub.uni-muenchen.de
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