Cross Sectional Efficiency and Labor Hoarding in an Matching Model of Unemployment
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We study positive and normative aspects of steady-state equilibrium in a market where firms of endogenous size experience idiosyncratic shocks and undergo a costly search process to hire their workers. The stylized model we propose highlights interactions between job-security provisions and sectoral
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美国国家经济研究局创建时间：
1993-09-01
