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dc.contributor.authorPissarides, Christopher A.en
dc.creatorPissarides, Christopher A.en
dc.date.accessioned2019-05-03T05:23:02Z
dc.date.available2019-05-03T05:23:02Z
dc.date.issued1992
dc.identifier.urihttp://gnosis.library.ucy.ac.cy/handle/7/47915
dc.description.abstractThis 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.isoengen
dc.sourceQuarterly Journal of Economicsen
dc.titleLoss of skill during unemployment and the persistence of employment shocksen
dc.typeinfo:eu-repo/semantics/article
dc.identifier.doi10.2307/2118392
dc.description.volume107
dc.description.startingpage1371
dc.description.endingpage1391
dc.author.facultyΣχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management
dc.author.departmentΤμήμα Οικονομικών / Department of Economics
dc.type.uhtypeArticleen
dc.contributor.orcidPissarides, Christopher A. [0000-0002-0695-058X]
dc.description.totalnumpages1371-1391
dc.gnosis.orcid0000-0002-0695-058X


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