Demand uncertainty, mismatch and (un)employment
- 作者：Jellal ; Mohamed ; Thisse ; Jacques-Fran脙脙ois ; Zenou ; Yves
- 关键词：Skill mismatch ; Price uncertainty ; Unemployment equilibrium
- 刊名：Economics Letters
- 出版年：2005
- 期刊代码：9_01651765
- 类别：eco
- 出版时间：July, 2005
- 卷：88
- 期：1
- 页码：33-39
- 文件大小：87.0 K
摘要
Heterogeneous firms facing demand-induced price fluctuations imperfectly compete for heterogeneous workers. It is shown that unemployment may arise in equilibrium because of the combination of uncertainty on product price and mismatch between workers' skills and firms' job requirements.