Equilibrium unemployment

@article{citeulike:1025335, abstract = {A search-theoretic model of equilibrium unemployment is constructed and shown to be consistent with the key regularities of the labor market and business cycle. The two distinguishing features of the model are: (i) the decision to accept or reject jobs is modeled explicitly, and (ii) markets are incomplete. The model is well suited to address a number of interesting policy questions. Two such applications are provided: the impact of unemployment insurance, and the welfare costs of business cycles.}, author = {Gomes, Joao and Greenwood, Jeremy and Rebelo, Sergio}, citeulike-article-id = {1025335}, doi = {10.1016/S0304-3932(01)00071-X}, journal = {Journal of Monetary Economics}, keywords = {411-2, search, unemployment}, month = {August}, number = {1}, pages = {109--152}, posted-at = {2007-01-04 19:20:18}, priority = {2}, title = {Equilibrium unemployment}, url = {http://dx.doi.org/10.1016/S0304-3932(01)00071-X}, volume = {48}, year = {2001} }

TY - JOUR ID - citeulike:1025335 L3 - citeulike-article-id:1025335 N2 - A search-theoretic model of equilibrium unemployment is constructed and shown to be consistent with the key regularities of the labor market and business cycle. The two distinguishing features of the model are: (i) the decision to accept or reject jobs is modeled explicitly, and (ii) markets are incomplete. The model is well suited to address a number of interesting policy questions. Two such applications are provided: the impact of unemployment insurance, and the welfare costs of business cycles. IS - 1 JF - Journal of Monetary Economics EP - 152 TI - Equilibrium unemployment VL - 48 SP - 109 KW - 411-2 KW - search KW - unemployment AU - Gomes, Joao AU - Greenwood, Jeremy AU - Rebelo, Sergio PY - 2001/08// UR - http://dx.doi.org/10.1016/S0304-3932(01)00071-X ER -