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There has been a surge in the number of employed people looking for another job in Britain in the last twenty years. In this paper we present the first time series analysis of on-the-job search. Vacancies are a significant explanatory variable in equation but unemployment is not. We interpret...
Persistent link: https://www.econbiz.de/10005051060
In a matching model of the labour market in which employers and job seekers have to engage in a costly serach process to create a match, we show that on-the-job search ceteris paribus reduces the unemployment outflow rate. We derive this result for two alternative assumptions as to the relative...
Persistent link: https://www.econbiz.de/10005051107