All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

Lawrence Uren
''Entrepreneurship and labour market fluctuations''
( 2007, Vol. 10 No.13 )
This paper modifies the standard Mortensen and Pissarides model by introducing an endogenous decision of individuals to either become entrepreneurs or workers. This modification has little impact upon the qualitative properties of the standard Mortensen and Pissarides model. However, it can substantially amplify the impact of productivity shocks upon the level of unemployment and vacancies and provide a partial explanation for the lack of unemployment volatility identified by Shimer (2005).
JEL: J6 - Mobility, Unemployment, and Vacancies: General
Manuscript Received : Aug 31 2007 Manuscript Accepted : Oct 09 2007

  This abstract has been downloaded 1659 times                The Full PDF of this paper has been downloaded 149394 times