RDP 1999-07: Job-Search Methods, Neighbourhood Effects and the Youth Labour Market
Equation (A5)
(
1
+
r
)
U
n
=
σ
(
c
n
;
z
n
)
+
(
f
n
+
p
n
)
E
n
+
(
1
−
f
n
−
p
n
)
U
n
(
1
+
r
)
E
n
=
w
+
s
U
n
+
(
1
−
s
)
E
n
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