Efficient Search on the Job and the Business Cycle
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https://www.nber.org/papers/w14905
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资源简介：
We build a directed search model of the labor market in which workers' transitions between unemployment, employment, and across employers are endogenous. We prove the existence, uniqueness and efficiency of a recursive equilibrium with the property that the distribution of workers across employment
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美国国家经济研究局创建时间：
2009-04-01
