Business, 27.07.2019 01:30, Giovanni0312

Compare two unemployed workers; one is 25 years-old while the other is 55 years-old. both workers have similar skills and face the same wage offer distribution. suppose that both workers also incur similar search costs. which worker will have a higher asking wage? why? can search theory explain why the unemployment rate of young workers differs from that of older workers?

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Compare two unemployed workers; one is 25 years-old while the other is 55 years-old. both workers h...