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• W2012080964 abstract "This paper develops a dynamically consistent model of search, matching and bargaining when worker skills decline while unemployed. Long-term unemployment emerges as an endogenous phenomenon. Even with constant returns to matching, multiple Pareto rankable equilibria are possible. Policies to address long-term unemployment are best directed toward prevention (e.g. vacancy creation subsidies) rather than cure (e.g. retraining subsidies)." @default.
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• W2012080964 date "2000-10-01" @default.
• W2012080964 modified "2023-09-30" @default.
• W2012080964 title "Retraining and long-term unemployment in a model of unlearning by not doing" @default.
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• W2012080964 doi "https://doi.org/10.1016/s0014-2921(99)00005-7" @default.
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