Lecture 7 9

Lecture 7 9 - f is called the rate of job finding So fU is...

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Simple Dynamic Model of Unemployment fU dU X + = Total Exit from Unemployment is: Where: d – death rate f – fraction of unemployed workers that find jobs
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Unformatted text preview: f is called the rate of job finding. So fU is the number of people who find jobs in a period....
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

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