Contents

Equilibrium unemployment as a discipline device when finding employment is costly

Hahm, Sang-Moon / Mayer, Katarina

Abstract

P>In this paper, we study a model that incorporates costly job search into an efficiency wage model. We show that the relationship between wages and detection rates is ambiguous in this framework. The model can generate a positive relationship, consistent with empirically reasonable values for unemployment rates, job finding rates, and employment duration.Dans ce memoire, on etudie un modele qui incorpore une recherche d'emploi couteuse dans un modele de salaire d'efficience. On montre que la relation entre salaires et taux de detection est ambigue. Le modele peut generer une relation positive, consistante avec des valeurs empiriquement raisonnables pour les taux de chomage, les taux de detection d'emplois, et les durees d'emplois.

Issue Date
2011-05
Publisher
WILEY-BLACKWELL
Keywords
SUPERVISION; WAGES; PAY; LABOR
Citation
CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, v.44, no.2, pp.709 - 717, 2011
DOI
10.1111/j.1540-5982.2011.01651.x
Journal Title
CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE
Start Page
709
End Page
717
ISSN
0008-4085
Language
English
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