The High Unemployment Trap
Bibliographic Data
| ID | 19035707 |
|---|---|
| Authors | Gilles Saint‐Paul (0000-0002-3339-9084, corresponding author), G Saint-Paul |
| Year | 1995 |
| Volume | 110 |
| Issue | 2 |
| Pages | 527-550 |
| Publication date | 1995-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Quarterly Journal of Economics (JOURNAL) |
| Journal identifiers | ISSN: 0033-5533 • E-ISSN: 1531-4650 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2118449 |
| OpenAlex | W1577121606 |
| Language | EN |
| Citations received | 7 |
| References cited | 1 |
A model of the labor market under firing restrictions and endogenous quits is constructed. It is shown that in the spirit of Blanchard and Summers, the model can generate multiple equilibria for plausible parameter values, with a low quits/high unemployment equilibrium coexisting with a high quits/low unemployment equilibrium
Economics · Keynesian economics · Labour economics · Macroeconomics · Physics · Unemployment · Economic theories and models · Economic Theory and Policy · Labor market dynamics and wage inequality
The Political Economy of Labour Market Institutions
Stepping stones for the unemployed
Hiring and Firing Costs, Adverse Selection and Long-Term Unemployment
Why are European Countries Diverging in their Unemployment Experience
Comparing Formal Unemployment Compensation Systems in 15 OECD C ountries
Worker‐financed versus Firm‐sponsored Training
How do Lay‐off Costs Affect Employment
| Unique citing works | 7 |
|---|---|
| Citations per year | 0,27 |
| Citation span | 2000 - 2014 (15) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 7 |