Underemployment, on-the-job search, and the Beveridge curve [An article from: Economics Letters]

Underemployment, on-the-job search, and the Beveridge curve [An article from: Economics Letters] Review

Underemployment, on-the-job search, and the Beveridge curve [An article from: Economics Letters]

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Underemployment, on-the-job search, and the Beveridge curve [An article from: Economics Letters] Product Description This digital document is a journal article from Economics Letters, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

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This paper derives the implications of on-the-job search for unemployment dynamics and shows how the initial jump in market tightness is influenced by the search behaviour of employed workers. The model predicts that the vacancy:unemployment ratio can either overshoot or undershoot its steady state value in response to a change in the productivity of jobs.

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