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Unemployment, optimal waiting and queues

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Carrera Calero, Carmen and Rodrigo Fernández, Antonio and Vázquez Furelos, Mercedes (1998) Unemployment, optimal waiting and queues. [ Documentos de Trabajo de la Facultad de Ciencias Económicas y Empresariales; nº 18, 1998, ISSN: 2255-5471 ]

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Official URL: http://eprints.ucm.es/6662/




Abstract

Estudio que conecta con las dos principales lineas de investigación, desempleo y crecimiento endógeno, en lo referente a la influencia de los cambios tecnológicos y los efectos sobre el desempleo.

Resumen (otros idiomas)

In this article we portray the state of technically diverse economies as the outcome of probabilistic equilibria. We provide the steady state distributions of current technologies, unemployment, wages and job durations thus allowing the comparison of situations with identical mean values but a differently distributed probability mass. A queueing closed network is used to establish the connections between advertised, filled and dormant business options, and their implications for the unemployment of differently qualified workers. The queueing connecting rates are obtained endogenously as the outcome of the optimizing strategies of firms.

Item Type:Working Paper or Technical Report
Uncontrolled Keywords:Desempleo
Palabras clave (otros idiomas):Unemployment, Probabilistic matching, Queues, Optimal technologies
Subjects:Social sciences > Economics > Labor
Series Name:Documentos de Trabajo de la Facultad de Ciencias Económicas y Empresariales
Volume:1998
Number:18
ID Code:6662
Deposited On:30 Nov 2007
Last Modified:02 Oct 2014 12:32

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