Document Type
Working Paper
Publication Date
2004
Document Number
Research Paper #2004-8
Abstract
When job prospects are uncertain, labor market size matters even when labor and jobs, respectively, are homogenous. The expected unemployment duration and its standard deviation may then differ systematically with labor market size.
Digital Commons Citation
Schaeffer, Peter V. and Gebremedhin, Tesfa, "Labor Market Size and Unemployment Duration: A Theoretical Note" (2004). Regional Research Institute Working Papers. 118.
https://researchrepository.wvu.edu/rri_pubs/118