dc.contributor.author | Pissarides, Christopher A. | en |
dc.creator | Pissarides, Christopher A. | en |
dc.date.accessioned | 2019-05-03T05:23:02Z | |
dc.date.available | 2019-05-03T05:23:02Z | |
dc.date.issued | 1992 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/47915 | |
dc.description.abstract | This paper shows that when unemployed workers lose some of their skills, the effects of a temporary shock to employment can persist for a long time. The key mechanism is a thin market externality that reduces the supply of jobs when the duration of unemployment increases. The paper develops an overlapping- generations model of search equilibrium and shows that different patterns of persistence and multiple equilibria are possible even with constant returns production and matching technologies. © President and Fellows of Harvard College and the Massachusetts Institute of Technology. | en |
dc.language.iso | eng | en |
dc.source | Quarterly Journal of Economics | en |
dc.title | Loss of skill during unemployment and the persistence of employment shocks | en |
dc.type | info:eu-repo/semantics/article | |
dc.identifier.doi | 10.2307/2118392 | |
dc.description.volume | 107 | |
dc.description.startingpage | 1371 | |
dc.description.endingpage | 1391 | |
dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
dc.type.uhtype | Article | en |
dc.contributor.orcid | Pissarides, Christopher A. [0000-0002-0695-058X] | |
dc.description.totalnumpages | 1371-1391 | |
dc.gnosis.orcid | 0000-0002-0695-058X | |