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An adaptation of Pissarides (1990) by using random job destruction rate

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  • Wang, Huiming

Abstract

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.

Suggested Citation

  • Wang, Huiming, 2009. "An adaptation of Pissarides (1990) by using random job destruction rate," MPRA Paper 21103, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:21103
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    More about this item

    Keywords

    Pissardies model; random job destruction rate;

    JEL classification:

    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts

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