Series: IMF Working Papers
Author(s): Esther Perez Ruiz , and Yao Yao
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2012
Keywords: Search model, unemployment inflows, unemployment duration, unemployment, unemployment rates, unemployment rate, employment, Wages, Compensation, and Labor Costs: General
We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of job destruction rates and expected unemployment durations rendering the same unemployment level....