Job Search and Implicit Contracts
构建了一个包含求职成本和隐性契约的模型，允许临时与永久解雇，并分析了休闲效用、求职成本和价格离散对自然失业率的模糊影响。
A model incorporating costly search and implicit contracts is examined. The contracts differ from those studied in the traditional literature by allowing for both temporary and permanent layoffs. A natural rate of unemployment is determined, and comparative statics analysis shows that changes in the utility value of leisure, in the cost of search, and in the dispersion of prices each have an ambiguous effect on this natural rate.