Autore: Boeri, Tito
Titolo: On the job search and unemployment duration
Periodico: European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1995 - Fascicolo: 38 - Pagina iniziale: 1 - Pagina finale: 42

Evidence on labour market flows in OECD countries suggests that, contrary to the popular wisdom, “sclerotic” European labour markets are characterised by relatively large rates of job creation and destruction. These large job turnover rates stand in sharp contrast with the low turnover of the unemployment pool in these countries and point to the important role played by job-to-job shifts in Europe. A model is developed which — unlike standard theories of job matching with on-the-job search — can account for large job-to-job shifts in the presence of high long-term unemployment rates. The two pillars of this model are: i) reduced search effectiveness for those with longer unemployment durations; and ii) competition for jobs between employed and unemployed jobseekers. Estimates of unemployment outflow equations allowing for varying search intensity according to unemployment duration and incorporating employed jobseekers do not falsify these two basic assumptions of our model.




Testo completo: http://hdl.handle.net/1814/563

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