Bilateral Search as an Explanation for Labor Market Segmentation and Other Anomalies
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Since applying for jobs is costly, workers prefer applying where their employment probability is high and, therefore, to jobs attracting fewer higher quality applicants. Since creating vacancies is expensive, firms create more vacancies when job-seeking is high. Our model captures these ideas and
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美国国家经济研究局创建时间：
1993-09-01
