ERIC Number: ED081921
Record Type: Non-Journal
Publication Date: 1971-Nov
Reference Count: N/A
Supply Responses of the Unemployed: A Probability Model of Reemployment. Final Report.
Toikka, Richard S.
The subject of this study is the process by which unemployed workers are reemployed after a layoff. A theoretical model of job search is formulated with asking price based on number of job vacancies, distribution of offers, value placed on nonmarket activity, cost of search activity, and interest rate. A probability model of reemployment is tested, using Arms Control and Disarmament Agency survey data. The major findings are (a) older workers do poorly after a layoff in long duration of unemployment and low wage on first job accepted, (b) wage level on first job accepted after layoff is positively correlated with education up to the level of bachelors degree and then negative returns set in, (c) managerial and professional workers do better than other groups in maintaining income after layoff. (MS)
Descriptors: Employment, Labor Market, Labor Supply, Models, Older Adults, Probability, Unemployment, Wages
National Technical Information Service, Springfield, Va. 22151 (PB-204 589, MF $1.45, HC $3.00)
Publication Type: N/A
Education Level: N/A
Sponsor: Manpower Administration (DOL), Washington, DC. Office of Research and Development.
Authoring Institution: Wisconsin Univ., Madison.