What happens in the basic job search model if the uncertainty concerning the wage offer is switched off, i.e. there will only be one possible wage offer w0 (Hint: Similar as in the basic Diamond model) ? Answer this with respect to the job offer acceptance probability, the probability of moving to work and the unemployment duration? (Labour Economics)
What happens in the basic job search model if the uncertainty concerning the wage offer is switched off, i.e. there will only be one possible wage offer w0 (Hint: Similar as in the basic Diamond model) ? Answer this with respect to the job offer acceptance probability, the probability of moving to work and the unemployment duration? (Labour Economics)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Earnings, Productivity, And The Job Market
Section: Chapter Questions
Problem 11CQ
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What happens in the basic job search model if the uncertainty concerning the wage
offer is switched off, i.e. there will only be one possible wage offer w0 (Hint: Similar as in the
basic Diamond model) ? Answer this with respect to the job offer acceptance probability, the
probability of moving to work and the
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