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Labor Market Size and Unemployment Duration: A Theoretical Note

Author

Listed:
  • Peter Schaeffer

    (Division of Resource Management, West Virginia University)

  • Tesfa Gebremedhin

    (Regional Research Institute, West Virginia University)

Abstract

When job prospects are uncertain, labor market size matters even when labor and jobs, respectively, are homogenous. The expected unemployment duration and its standard deviation may then differ systematically with labor market size.

Suggested Citation

  • Peter Schaeffer & Tesfa Gebremedhin, 2004. "Labor Market Size and Unemployment Duration: A Theoretical Note," Working Papers Working Paper 2004-08, Regional Research Institute, West Virginia University, revised 21 Mar 2007.
    • Handle: RePEc:rri:wpaper:2004wp08
    as

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    File URL: https://researchrepository.wvu.edu/rri_pubs/118/
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    References listed on IDEAS

    as
    1. Elazar Berkovitch, 1985. "Reputation Effect in Equilibrium Search and Bargaining- A Stigma Theory of Unemployment Duration," Discussion Papers 668, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    2. Timothy J. Bartik, 2002. "Spillover Effects of Welfare Reforms in State Labor Markets," Journal of Regional Science, Wiley Blackwell, vol. 42(4), pages 667-701.
    3. Gan, Li & Zhang, Qinghua, 2006. "The thick market effect on local unemployment rate fluctuations," Journal of Econometrics, Elsevier, vol. 133(1), pages 127-152, July.
    4. Fields, Gary S, 1976. "Labor Force Migration, Unemployment and Job Turnover," The Review of Economics and Statistics, MIT Press, vol. 58(4), pages 407-415, November.
    5. Ben Lockwood, 1991. "Information Externalities in the Labour Market and the Duration of Unemployment," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(4), pages 733-753.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    labor market; unemployment; labor market size;
    All these keywords.

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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