Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10480338 | Labour Economics | 2011 | 15 Pages |
Abstract
⺠This paper models search frictions in a business cycle model with participation. ⺠In previous papers, a participation margin leads to procyclical unemployment. ⺠This paper's calibrated model displays countercyclical unemployment. ⺠It also has a negatively sloped Beveridge curve. ⺠Low elasticity of labor supply and a small surplus are crucial for these results.
Related Topics
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Economics and Econometrics
Authors
Monique Ebell,