Search Unemployment with On-the-job Search
将在职搜寻引入基于匹配函数和非合作工资行为的搜寻均衡模型,发现由于工作特定人力资本积累,在职搜寻仅发生在短期任职中,且模型得出失业对生产率冲击的响应性降低的新结果。
This paper introduces on-the-job search into the model of search equilibrium that builds on the concept of the matching function and non-cooperative wage behaviour. On-the-job search takes place only at short job tenures because of the accumulation of job-specific human capital. The model of search equilibrium retains its familiar structure but yields new results. The most interesting one is a fall in the responsiveness of unemployment to productivity shocks because of induced changes in the composition of jobs and the number of employed job seekers.