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049 a| EREEa| NEHH;

050 00 a| HB1;

100 1 a| Hall, Robert Ernest,d| 1943-?| UNAUTHORIZED;

245 14 a| The amplification of unemployment fluctuations through self-selectionh| [electronic resource] /c| Robert E. Hall.;

260 a| Cambridge, MA :b| National Bureau of Economic Research,;

490 1 a| NBER working paper series ;v| working paper 11186;

500 a| Title from PDF file as viewed on 3/16/2005.;

504 a| Includes bibliographical references.;

506 a| Available only to authorized users.;

520 3 a| "Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers devote to evaluating applicants for jobs is a key factor in the magnitude of the frictions. Unemployment will be low if employers can review applicants cheaply. The cost of evaluation per hire depends on the fraction of applicants who are qualified for the job. Applicants may be better informed about their qualifications than are employers. If incentives induce self-selection by job-seekers, so that they apply mainly for jobs where they are qualified, friction and thus unemployment will be low. Self-selection is strongest in markets where unemployment is low and jobs are easy to find. Because of this positive feedback, the equilibrium in a market with self-selection is fragile%u2014unemployment is sensitive to its determinants. Self-selection provides a mechanism for amplification of small changes in the determinants of unemployment"--National Bureau of Economic Research web site.;

530 a| Also available in print.;

538 a| Mode of access: World Wide Web;

650 0 a| Applications for positionsx| Mathematical models.=| ^A20646;

650 0 a| Unemploymentx| Mathematical models.=| ^A128573;

655 0 a| Electronic books.=| ^A491897;

710 2 a| National Bureau of Economic Research.=| ^A186;

830 0 a| Working paper series (National Bureau of Economic Research : Online) ;v| working paper no. 11186.?| UNAUTHORIZED;

856 40 z| Full text available from NBER Working Papersu| https://go.openathens.net/redirector/ecu.edu?url=https%3A%2F%2Fdx.doi.org%2F10.3386%2Fw11186;

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999 a| CLICK ON WEB ADDRESSw| ASISc| 1i| 6162671-1001l| JNETm| JOYNERr| Ys| Yt| JNESSBKu| 7/15/2023x| EBOOKz| JERESOURCE;

999 a| CLICK ON WEB ADDRESSw| ASISc| 1i| 6162671-2001l| HSLELECm| HSLr| Ys| Yt| HEBKu| 7/15/2023x| EBOOKz| HERESOURCE;

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The amplification of unemployment fluctuations through self-selection / Robert E. Hall.

Author/creator	Hall, Robert Ernest, 1943-
Other author	National Bureau of Economic Research.
Format	Electronic
Publication Info	Cambridge, MA : National Bureau of Economic Research,
Supplemental Content	Full text available from NBER Working Papers
Subjects	Applications for positions--Mathematical models. Unemployment--Mathematical models.

Series	NBER working paper series ; working paper 11186 Working paper series (National Bureau of Economic Research : Online) ; working paper no. 11186. UNAUTHORIZED
Summary	"Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers devote to evaluating applicants for jobs is a key factor in the magnitude of the frictions. Unemployment will be low if employers can review applicants cheaply. The cost of evaluation per hire depends on the fraction of applicants who are qualified for the job. Applicants may be better informed about their qualifications than are employers. If incentives induce self-selection by job-seekers, so that they apply mainly for jobs where they are qualified, friction and thus unemployment will be low. Self-selection is strongest in markets where unemployment is low and jobs are easy to find. Because of this positive feedback, the equilibrium in a market with self-selection is fragile%u2014unemployment is sensitive to its determinants. Self-selection provides a mechanism for amplification of small changes in the determinants of unemployment"--National Bureau of Economic Research web site.
General note	Title from PDF file as viewed on 3/16/2005.
Bibliography note	Includes bibliographical references.
Access restriction	Available only to authorized users.
Other forms	Also available in print.
Technical details	Mode of access: World Wide Web
Genre/form	Electronic books.
LCCN	2005616954

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The amplification of unemployment fluctuations through self-selection / Robert E. Hall.

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