Pavoni, Nicola; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2006
unemployed (e.g., unemployment insurance, job search monitoring, social assistance, wage subsidies). This paper provides a …. The optimal benefits are decreasing during unemployment insurance and constant during both job search monitoring and … insurance, they must decrease (increase) during a phase of job search monitoring. In a calibration exercise, we use our model to …