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The problem of long-term unemployment°(TM)jobless but seekin
work for 12 months or more°(TM)was persistent throughout the 1980s an
1990s in all 30 member countries of the Organisation for Economic
...
Hiring and Firing Costs, Adverse Selection and Long-term Unemployment
Adverse selection turnover costs unemployment worker flows discrimination
2013/10/18
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment are much lower in Europe compared to North America, while employment-to-employmen...
