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Chǒmage d’équilibre en tant que dispositif de discipline quand trouver un emploi est coǔteux .
Author(s) -
Hahm SangMoon,
Mayer Katarina
Publication year - 2011
Publication title -
canadian journal of economics/revue canadienne d'économique
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.773
H-Index - 69
eISSN - 1540-5982
pISSN - 0008-4085
DOI - 10.1111/j.1540-5982.2011.01651.x
Subject(s) - unemployment , wage , welfare economics , economics , unemployment rate , econometrics , sociology , labour economics , macroeconomics
In this paper, we study a model that incorporates costly job search into an efficiency wage model. We show that the relationship between wages and detection rates is ambiguous in this framework. The model can generate a positive relationship, consistent with empirically reasonable values for unemployment rates, job finding rates, and employment duration.