Labor Market Size and Unemployment Duration: A Theoretical Note

Preprint OPEN
Peter Schaeffer; Tesfa Gebremedhin;
  • Subject: labor market, unemployment, labor market size
    • jel: jel:R12 | jel:J64 | jel:J68

When job prospects are uncertain, labor market size matters even when labor and jobs, respectively, are homogenous. The expected unemployment duration and its standard deviation may then differ systematically with labor market size.
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