The Effects of Unemployment Compensation in General Equilibrium with Search Unemployment

In this article it is shown that when the effects of an increase in unemployment subsidies are studied in a general equilibrium framework, unemployment increases far less than in a 'partial-partial' model, or may even decrease.

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Year of publication:	1986
Authors:	Axell, Bo ; Lang, Harald
Publisher:	Stockholm : The Research Institute of Industrial Economics (IUI)
Subject:	Unemployment subsidies \| general equilibrium \| partial model

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Series:	IUI Working Paper ; 159
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	hdl:10419/94835 [Handle] RePEc:hhs:iuiwop:0159 [RePEc]
Classification:	J64 - Unemployment: Models, Duration, Incidence, and Job Search ; J65 - Unemployment Insurance; Severance Pay; Plant Closings
Source:	EconStor

Persistent link: https://www.econbiz.de/10010334805