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Federal Reserve Bank of Cleveland
Working Papers (Old Series)
A two-sector implicit contracting model with procyclical quits and involuntary layoffs
Charles T. Carlstrom
Abstract

An explanation of involuntary unemployment and procyclical quits based on models of implicit contracts and on-the-job search.


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Charles T. Carlstrom, A two-sector implicit contracting model with procyclical quits and involuntary layoffs, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 8902, 1989.
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Keywords: Unemployment
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