It takes the average reader and 20 minutes to read Equilibria with Unemployment in Segmented Labor Markets by Mr.Dimitri G. Demekas
Assuming a reading speed of 250 words per minute. Learn more
The paper proves four theorems in an n-sector model of a segmented labor market, with search costs, and a continuum of workers with different reservation wages, who can apply to any number of sectors. The main conclusions are that: (i) an equilibrium with unemployment always exists; and (ii) some of the unemployment is involuntary, in the sense that it consists of workers with reservation wages below the equilibrium wage in the secondary market. These conclusions hold in the case of both separate and non-separate markets.
Equilibria with Unemployment in Segmented Labor Markets by Mr.Dimitri G. Demekas is 20 pages long, and a total of 5,000 words.
This makes it 7% the length of the average book. It also has 6% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 27 minutes to read Equilibria with Unemployment in Segmented Labor Markets aloud.
Equilibria with Unemployment in Segmented Labor Markets is suitable for students ages 8 and up.
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