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dc.contributor.authorColes, Melvin G.-
dc.contributor.authorMasters, Adrian-
dc.date.accessioned2012-10-17T11:05:27Z-
dc.date.available2012-10-17T11:05:27Z-
dc.date.issued2000-
dc.identifierdoi: 10.1016/S0014-2921(99)00005-7-
dc.identifierissn: 0014-2921-
dc.identifier.citationEuropean Economic Review 44(9): 1801-1822 (2000)-
dc.identifier.urihttp://hdl.handle.net/10261/58246-
dc.description.abstractThis 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). 2000 Elsevier Science B.V. All rights reserved.-
dc.description.sponsorshipFinancial support for both authors is gratefully acknowledged from The Leverhulme Trust and for Coles from La Comision Interministerial de Ciencia y Tecnologia.-
dc.language.isoeng-
dc.publisherElsevier-
dc.rightsclosedAccess-
dc.titleRetraining and long-term unemployment in a model of unlearning by not doing-
dc.typeartículo-
dc.identifier.doi10.1016/S0014-2921(99)00005-7-
dc.date.updated2012-10-17T11:05:29Z-
dc.description.versionPeer Reviewed-
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