Economic Inquiry · 1976 · 1K citations · 55 references
Social SciencesBusiness EconomicsEconomicsLabor EconomicsLabor Market AnalysisMicroeconomicsInformation EconomicsInformation SearchJob SearchJob Search StrategiesLabor Market DynamicsWage DeterminationEquilibrium In Search ModelsIncomplete Information EquilibriumJob Search TheoryLabor Market SearchOn-the-job Search
The labor market is characterized by incomplete information, leading to optimally conducted search. The survey aims to provide a comprehensive analysis of job search and to discuss its empirical and policy implications. The survey examines a range of job search models within a microeconomic framework. The survey presents new results and explores empirical and policy implications of search theory.
Part I of this survey presents a comprehensive and inte- grated analysis of job search. The labor market is characterized by incomplete information and search is conducted in an optimal manner. A variety of job search models are studied in this microeconomic setting. The paper contains a number of new results. Part 11 of the survey [to appear in the September 1976 issue of Economic Inquiry] addresses the empirical and policy implications of search theory.
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Michael Spence · The Quarterly Journal of Economics · 1973 · 15.2K citations
Phillip Nelson · Journal of Political Economy · 1974 · 3.5K citations
Some International Evidence on Output-Inflation Tradeoffs.
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