The Effect of the Extended Benefit Duration on the Aggregate Labor Market
I develop a matching model in which risk-averse workers face borrowing constraints and make a labor force participation decision as well as a job search decision. A sharp distinction between unemployment and out of the labor force is made: those who look for work for a certain period but find no job...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2010-03-01
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| Series: | KDI Journal of Economic Policy |
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| Online Access: | https://doi.org/10.23895/kdijep.2010.32.1.131 |