Equilibria with Unemployment in Segmented Labor Markets

Equilibria with Unemployment in Segmented Labor Markets
The paper proves four theorems in an n-sector model of a segmented labor market, with search costs, and a continuum of workers with different reservation wages, who can apply to any number of sectors. The main conclusions are that: (i) an equilibrium with unemployment always exists; and (ii) some of the unemployment is involuntary, in the sense... READ MORE...

Publication date: April 1990
ISBN 9781451979602
$15.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: April 1990

PDF

Publication date: April 1990

ePub

Publication date: April 1990

Mobi

Publication date: April 1990

English