Efficiency of job creation in a search and matching model with labor force participation

详细信息    查看全文

• 作者：Benoî ; t Julien^a ; ^{benoit.julien@unsw.edu.au} ; Sephorah Mangin^b ; ^{sephorah.mangin@monash.edu}
• 关键词：J6
• 刊名：Economics Letters
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：150
• 期：Complete
• 页码：149-151
• 全文大小：359 K
• 卷排序：150

文摘

In a search and matching model where workers are ex ante heterogeneous with respect to productivity and there is labor force participation, Albrecht et al. (2010) show that satisfying the Hosios rule leads to excessive vacancy creation. We show that efficient vacancy creation requires a modified version of the Hosios condition that captures not only the standard search externalities but also the output externality and the participation externality.