Abstract
This chapter describes the job search model that will be used to study the distribution of earnings. The Markov process describing movements between employment and unemployment will be the basis of the distribution of unemployment in Chapter 5. The wage offer distribution will be used to explain the distribution of wage rates in Chapter 6. The impacts of labor market conditions will yield the valuations of unemployment in terms of earnings in Chapter 4. The behavior of workers will explain the joint distribution of unemployment and wage rates in Chapter 6.
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© 1985 Springer-Verlag Berlin Heidelberg
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Sattinger, M. (1985). Search in Labor Markets. In: Unemployment, Choice and Inequality. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-70547-2_2
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DOI: https://doi.org/10.1007/978-3-642-70547-2_2
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-70549-6
Online ISBN: 978-3-642-70547-2
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