Are the Unemployed Unemployable?

Are the Unemployed Unemployable?
This paper develops a matching model of the labor market under wage rigidity when hiring decisions are irreversible. There are two types of workers, the skilled and the unskilled. The model is used to analyze whether technological advances may have increased unemployment. It is shown that it is likely to be so if they are associated with an... READ MORE...

Publication date: June 1994
ISBN 9781451848496
$15.00

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