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October 1, 1991Southern Economic Journal3,311 citations

Equilibrium Unemployment Theory

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APAmar K. ParaiCPChristopher A. Pissarides

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Abstract

Part 1 Unemployment in the model of balanced growth: the labour market long-run equilibrium and balanced growth adjustment dynamics. Part 2 further ananlysis of the labour market: search intensity and job advertising.

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Parai et al. (1991) studied this question.

synapsesocial.com/papers/6a121c578edbaba0bf66ab7dhttps://doi.org/10.2307/1060212
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