A Disaggregated Disequilibrium Model of the Labour Market.
This paper analyzes a number of disequilibrium models of the labor market. The most general of these assumes that the aggregate market consists of a series of submarkets, none of which are in excess demand, with the remainder being in excess supply. Assuming demands and supplies have a common structure across markets, with a normal error, then it is possible to write aggregate employment as a nonlinear function of the common structure and the parameters of the error distribution. Estimates of...Expand abstract
- Oxford Economic Papers, N.S
- Publication date:
- Local pid:
- Copyright date:
Views and Downloads
If you are the owner of this record, you can report an update to it here: Report update to this record