Autori
Snower, Dennis J.
Alpern, Steve

Titolo
Unemployment through 'learning from experience'
Periodico
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1991 - Fascicolo: 30 - Pagina iniziale: 1 - Pagina finale: 41

The paper shows that when workers have some market power and face substantial uncertainty concerning their productivity, it may be in their interest to formulate their wage claims with a view to the information thereby revealed. This learning behavior may in turn be responsible for unemployment. Our analysis shows how the process of information acquisition through wage claims generates a higher rate of youth unemployment and long-term unemployment and a lower dismissal probability for incumbent workers than would otherwise be the case.



Testo completo: http://hdl.handle.net/1814/369

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