It takes the average reader 1 hour and 26 minutes to read Labor Market Institutions and the Cost of Recessions by Mr.Tom Krebs
Assuming a reading speed of 250 words per minute. Learn more
This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare cost of recessions. The paper develops a tractable incomplete-market model with search unemployment, skill depreciation during unemployment, and idiosyncratic as well as aggregate labor market risk. The theoretical analysis shows that an increase in JSA and a reduction in UI reduce the output cost of recessions by making the labor market more fluid along the job finding margin and thus making the economy more resilient to macroeconomic...
Labor Market Institutions and the Cost of Recessions by Mr.Tom Krebs is 85 pages long, and a total of 21,675 words.
This makes it 29% the length of the average book. It also has 26% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 58 minutes to read Labor Market Institutions and the Cost of Recessions aloud.
Labor Market Institutions and the Cost of Recessions is suitable for students ages 10 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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