Lecture 7 16

Lecture 7 16 - willingness to accept jobs 3. The level of...

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Job Finding (“Job Matching”) rate (f) f s b s b u + + + = * The job finding rate depends on: 1. The number of job vacancies (v), measuring firms’ willingness to hire workers (i.e. demand for labour). 2. Search intensity (i), measuring workers’
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Unformatted text preview: willingness to accept jobs 3. The level of mismatch (mm), measuring the correspondence between job and worker characteristics (e.g. location, skills) ) , , ( − + + = mm i v f f...
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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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