Job Search by Employed Workers

Job Search by Employed Workers

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Workers in wa€ž firms search for w2 jobs, with higher lifetime utility, rather than w, firms, which do not raise their utility. ... Since there are more firms that can pay the reservation wage of the v, individuals, the unemployment among them falls.

Title:Job Search by Employed Workers
Author:Avner Bar-Ilan, Anat Litvak Levy
Publisher:World Bank Publications - 1993


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