IDEAS home Printed from https://ideas.repec.org/p/wrk/warwec/217.html
   My bibliography  Save this paper

Finite Horizon Job Search, Null Offers and the Duration of Search Unemployment

Author

Listed:
  • Chalkley, Martin

Abstract

The predictions of job-search theory for an analysis of unemployment have long been of interest (e.g. see Lippman and McCall (1976 b), Barron (1975) and Feinberg (1977)). In particular an important question is with regard to the duration of search unemployment and its determinants. Unfortunately robust results in this area are few. The reason for this being the complexity of the solutions to optimal job search problems. In many cases (see Chalkley (1982) for summary) the optimal search strategy involves setting a reservation wage. If an offer in excess of the reservation wage is obtained it is optimal to accept the offer, otherwise contimued search is preferable. Where the reservation property holds it is relatively simple to relate the expected duration of search unemployment to the (set of) reservation wage(s). However the reservation wage(s) themselves can seldom be expressed analytically. In the absence of analytic expressions for the reservation wages an examination of the effect of changes in parameters of the problem on (for example) the duration of unemployment would seem to require numerical analysis.

Suggested Citation

  • Chalkley, Martin, 1982. "Finite Horizon Job Search, Null Offers and the Duration of Search Unemployment," The Warwick Economics Research Paper Series (TWERPS) 217, University of Warwick, Department of Economics.
  • Handle: RePEc:wrk:warwec:217
    as

    Download full text from publisher

    File URL: https://warwick.ac.uk/fac/soc/economics/research/workingpapers/1978-1988/twerp217.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wrk:warwec:217. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Margaret Nash (email available below). General contact details of provider: https://edirc.repec.org/data/dewaruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.