Teulings, C.N.

worker model equation effect search value education equilibrium market distribution income skill waste search frictions level labor return investment capital function subsidy tenure separation result policy order paper section friction education subsidies condition parameter teuling unemployment generation walrasian vacancy increase reservation analysis price yield figure seniority walrasian equilibrium reservation wage number stock pension surplus journal supply table skill distribution effort proposition utility relation ability argument output economy assumption assignment region expansion problem redistribution production consumption regression option system plqlpxp substitution worker types taylor @?_ growth elasticity