Homework Answers
Solution:-
Number of Matches, M = V ^0.25 U ^0.75
Job Finding Rate, Labour Market Flightiness = 0.5 = j
j = V / U = 0.5, so V = 0.5U
Job finding rate (f) = matches per unemployment works
M = (0.5U) ^0.25 U ^0.75
= (0.5)^0.25 U
SO f = M / U = (0.5) ^0.25 U / U
= (0.5) ^0.25
= 0.84
= 84%
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