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...
| Glavni autor: | |
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| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
1990.
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| Serija: | IMF Working Papers; Working Paper ;
No. 1990/032 |
| Online pristup: | Full text available on IMF |