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Limited Duration Employment

Smith, Eric F (2007) 'Limited Duration Employment.' Review of Economic Dynamics, 10 (3). 444 - 471.

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Abstract

This paper analyses a matching model in which labor market participants use temporary employment as a waiting station between searches. Searchers entering the market see all available options. The best match, however, may not be particularly productive. Since all currently available traders are known, immediate search is not worthwhile. Over time, turnover replenishes the stock of potential traders and poor matches eventually find it profitable to search again. Searchers therefore take the best available match and simultaneously formulate if and when to look again. The best matches become indefinite; lower quality matches coexist as temporary employment. This duration increases with match quality and declines as matching improves. (Copyright: Elsevier)

Item Type: Article
Uncontrolled Keywords: J63, J64, Search and matching, Employment duration, Temporary jobs, Job turnover
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 29 Jun 2012 15:19
Last Modified: 17 Aug 2017 18:11
URI: http://repository.essex.ac.uk/id/eprint/2677

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