A two-sector implicit contracting model with procyclical quits and involuntary layoffs

Working Paper

Abstract: An explanation of involuntary unemployment and procyclical quits based on models of implicit contracts and on-the-job search.

Access Documents

File(s): File format is application/pdf https://fraser.stlouisfed.org/title/working-paper-federal-reserve-bank-cleveland-4494/a-two-sector-implicit-contracting-model-procyclical-quits-involuntary-layoffs-494512
Description: Full text

Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 1989

Number: 8902