Experience rating which is often treated as a simple adjustment cost is an original feature of the US unemployment benefit system. This Paper extensively addresses the effect of experience rating as an alternative to standard job protection. We provide a simple matching model of unemployment...

The design of employment protection legislation (EPL) is of particular importance in the European debate on the contours of labor-market reform. In this article we appeal to an equilibrium unemployment model to investigate the virtues of EPL reform which reduces the red tape and legal costs...

[eng] Job protection has often been blamed as a source of the poor employment performance of many European countries. Since the beginning of the 90s, much attention has been devoted to the theoretical and the empirical analysis of the consequences of labor market regulation on labor market...

In this article, we use a stylized model of the labor market to investigate the effects of three alternative and well-known bargaining solutions. We apply the Nash, the Egalitarian and the Kalai–Smorodinsky bargaining solutions in the small firm's matching model of unemployment. First, we show...

[fre] Cet article s’intéresse au lien entre la forme de la protection de l’emploi et les politiques liées au budget de l’indemnisation du chômage. A cet effet, nous étudions les interactions entre politiques de protection de l’emploi , indemnisation du chômage et subventions à...

This paper reports on the results of an experimental elicitation at the individual level of all prospect theory components (i.e., utility, loss aversion, and weighting functions) in two decision contexts: situations where alternatives are described as probability distributions and situations...

[fre] Cet article a pour objet l'étude de l'impact croisé des réformes des allocations chômage dans le cadre d’un modèle d’appariement à destruction d’emploi exogène intégrant différents niveaux d’indemnisation. Les complémentarités entre trois instruments indépendants de...

In gambles with two or more outcomes, the two versions of prospect theory, i.e., original prospect theory and cumulative prospect theory, make use of different composition rules and therefore yield different valuations of gambles. We test these composition rules in the loss domain using the...