Unemployment, Underemployment, and Optimal Job Search
Bibliographic Data
| ID | 10181047 |
|---|---|
| Authors | B Curtis Eaton, Philip A Neher |
| Year | 1975 |
| Volume | 83 |
| Issue | 2 |
| Pages | 355-375 |
| Publication date | 1975-04-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260327 |
| OpenAlex | W2092904451 |
| Language | EN |
| Citations received | 2 |
| References cited | 2 |
A three-sector general equilibrium model is employed to analyze the consequences of changes in aggregate demand, union power, workers' time horizons, and labor force size on "unionized" industries, industries with competitive labor markets,and unemployment. Workers are "voluntarily" unemployed while searching for jobs,attempting to arbitrage a wage gap created by partial "unionization." Many reduced-form elasticities are ambiguous in algebraic sign. For example, decreased aggregate demand may increase employment in industries with competitive labor markets. However, a larger and younger work force with enhanced aspirations for higher-paying jobs will have unambiguously higher unemployment
Aggregate demand · Economics · Efficiency wage · Labor demand · Labour economics · Macroeconomics · Monetary economics · Monetary policy · Monopsony · Sign (mathematics · Underemployment · Unemployment · Wage · Work (physics · Economic Theory and Policy · Firm Innovation and Growth · Labor market dynamics and wage inequality
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,04 |
| Citation span | 1976 - 2007 (32) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |