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Job Search Theory

  • Alessandra Faggian
Reference work entry

Abstract

This chapter summarizes the main developments in job search theory ever since its inception in the 1970s. After describing the assumptions and formulation of the basic model, the chapter moves onto analyzing how the original framework has been extended by removing some of the initial limitations. A separate section is then devoted to the matching function theory which represents one of the main developments of job search theory in more recent years and whose importance has been recognized by the award of the 2010 Nobel Prize in economics. The last section attempts to reconcile job search and migration theory by introducing the role of space and describing the main contributions on these topics by regional economists.

Keywords

Human Capital Matching Function Local Labor Market Reservation Wage Unemployed Worker 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

Acknowledgments

I acknowledge the support of research grant ECO2010-16006 by the Spanish Ministry of Science.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2014

Authors and Affiliations

  1. 1.AED EconomicsOhio State UniversityColumbusUSA

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