Search Unemployment with On-the-job Search

S-Tier
Journal: Review of Economic Studies
Year: 1994
Volume: 61
Issue: 3
Pages: 457-475

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:oup:restud:v:61:y:1994:i:3:p:457-475.
Journal Field
General
Author Count
1
Added to Database
2026-01-29