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The employed, the unemployed, and the unemployable

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Abstract

"We examine the implications of worker heterogeneity on the equilibrium matching process, using a directed search model. Worker abilities are selected from a general distribution, subject to some weak regularity requirements, and the firms direct their job offers to workers. We identify conditions under which some fraction of the workforce will be 'unemployable': no firm will approach them even though they offer positive surplus. For large markets we derive a simple closed form expression for the equilibrum matching function. This function has constant returns to scale and two new terms, which are functions of the underlying distribution of worker productivities: the percentage of unemployable workers, and a measure of heterogeneity" (Text excerpt, IAB-Doku) ((en))

Autorin / Autor

  • Basov, Suren
  • King, Ian Paul
  • Uren, Lawrence

Bibliografische Daten

Basov, Suren; King, Ian Paul; Uren, Lawrence (2010): The employed, the unemployed, and the unemployable * directed search with worker heterogeneity. (The University of Melbourne, Department of Economics. Research paper, 1094), Melbourne.
 

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