Fitzenberger, Bernd (contributor); … - 2005
. Our study tries to fill this research gap by analyzing
the relationship between unemployment, labor market transitions and … this research gap. Starting from search theory
on the one hand and from classical theory on the other hand, we discuss … profits given by the profit per employee (y−w), where y denotes the output
per worker, times the number of employees (l(w)).15 …