Powered by OpenAIRE graph
Found an issue? Give us feedback
addClaim

Job Search and Participation

Authors: Pissarides, Christopher A.; Pissarides, Christopher A.;

Job Search and Participation

Abstract

The main purpose of this paper is to consider the question of labour force participation within a generalized model of job search. The only important restrictions placed oni the search model are that search takes place sequentially and that the individual be able to search only a finite number of times in his lifetime. Other less important restrictions are placed to simplify the exposition. The most important of these is, perhaps, that the individual holds his beliefs about the sequence of the distributions of job offers with complete certainty. This implies that search is used as a job-finding activity and not as an information-gathering one. Although some workers may use search for informationgathering purposes, we would expect the job-finding process to satisfy the same qualitative properties whether the information-gathering function is taken into account or not (Rothschild, 1974; Kohn and Shavell, 1974). The optimal policy is obtained in the next section for a general utility function and any sequence of distributions of job offers. Section II derives the dynamic properties of the model and utilizes the general framework to analyse the questions of optimal responses to a changing environment and participation and job search over the cycle. Section III concludes the paper with a brief summary.

Countries
China (People's Republic of), China (People's Republic of), Cyprus, China (People's Republic of)
  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    21
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
21
Average
Top 10%
Average
Upload OA version
Are you the author of this publication? Upload your Open Access version to Zenodo!
It’s fast and easy, just two clicks!