THE OPPORTUNITY COST(S) OF EMPLOYMENT AND SEARCH INTENSITY
Sign Up to like & getrecommendations! Published in 2017 at "Macroeconomic Dynamics"
DOI: 10.1017/s1365100516001164
Abstract: The flow utility of unemployment plays a crucial role in labor search and matching models. Recent evidence by Chodorow-Reich and Karabarbounis suggests that the flow utility is high on average, volatile, and strongly procyclical. Taken… read more here.
Keywords: unemployment; employment search; search; opportunity cost ... See more keywords