In this paper we investigate the incentives of unemployed workers to wait for a recall when recall probabilities are endogenously determined by the waiting decisions of others. Because of a positive externality that arises when workers seek new employment, an excessive number of workers choose...

Der Artikel beschäftigt sich theoretisch und empirisch mit den Auswirkungen der Geldpolitik auf die Arbeitslosigkeit in Abhängigkeit der verschiedenen nationalen Tarifsysteme. der Autor konstatiert einen generellen Beschäftigungseffekt geldpolitischer Maßnahmen, von Ländern mit stark...

In this paper we investigate the incentives of unemployed workers to wait for a recall when recall probabilities are endogenously determined by the waiting decisions of others. Because of a positive externality that arises when workers seek new employment, an excessive number of workers choose...

In this paper we investigate the incentives of unemployed workers to wait for a recall when recall probabilities are endogenously determined by the waiting decisions of others. Because of a positive externality that arises when workers seek new employment, an excessive number of workers choose...