Citation

Discussion Paper Details

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Full Details

Title: Unemployment through `Learning from Experience'

Author(s): Steve Alpern and Dennis J. Snower

Publication Date: November 1990

Keyword(s): Learning, Unemployment and Wage Information

Programme Area(s): Applied Macroeconomics

Abstract: This paper shows that when workers have some market power and face substantial uncertainty concerning their productivity, it may be in their interest to formulate their wage claims with a view to the information thereby revealed. This learning behaviour may in turn be responsible for unemployment. Our analysis shows how the process of information acquisition through wage claims generates a higher rate of youth unemployment and long-term unemployment and a lower probability of dismissal for incumbent workers than would otherwise be the case.

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Bibliographic Reference

Alpern, S and Snower, D. 1990. 'Unemployment through `Learning from Experience''. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=483