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dc.contributor.authorPissarides, Christopher A.en
dc.creatorPissarides, Christopher A.en
dc.date.accessioned2019-05-03T05:23:05Z
dc.date.available2019-05-03T05:23:05Z
dc.date.issued1982
dc.identifier.urihttp://gnosis.library.ucy.ac.cy/handle/7/47954
dc.description.abstractThis paper derives an optimal job-searching strategy for workers on layoff, and an optimal recall policy for firms, when each side anticipates the other side’s actions correctly. It shows that workers search for an alternative job only if the probability of recall falls below a critical level, and that firms may recall before the recovery of demand, depending on the costs of laying off and hiring workers, and the probability of losing workers on layoff. Through the use of optimal job searching and recall policies, the paper derives expressions for the duration of layoff unemployment and discusses briefly their comparative-static properties. © 1982 by the President and Fellows of Harvard College.en
dc.language.isoengen
dc.sourceQuarterly Journal of Economicsen
dc.titleJob Search and the Duration of Layoff Unemploymenten
dc.typeinfo:eu-repo/semantics/article
dc.identifier.doi10.2307/1885101
dc.description.volume97
dc.description.startingpage595
dc.description.endingpage612
dc.type.uhtypeArticleen
dc.contributor.orcidPissarides, Christopher A. [0000-0002-0695-058X]
dc.description.totalnumpages595-612


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