Advertisement
Published in:
1992 | OriginalPaper | Chapter
The Foundation of the U/V Curve by a Matching Model
Author : Univ. Doz. Dr. Josef Christl
Published in: The Unemployment/Vacancy Curve
Publisher: Physica-Verlag HD
Included in: Professional Book Archive
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
Another approach to the foundation of the U/V curve is the one via matching models comprising elements of search theory. The superiority of this approach to the foundation via the employment function stems from three sources: firstly, from a dynamic view of the labour market transactions, secondly, from the capability of explaining the coexistence of unemployment and vacancies in any single submarket and, thirdly, from a microeconomic foundation of the macro U/V curve.