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Yashiv, Eran - C.E.P.R. Discussion Papers - 2006

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …

Persistent link: https://www.econbiz.de/10005792066

Efficient Unemployment Insurance Time Path

Blumkin, Tomer; Hadar, Yossi; Yashiv, Eran - C.E.P.R. Discussion Papers - 2003

The Paper examines the time sequencing of UI benefits in a general equilibrium framework, with random matching and … endogenously determined wages. A key feature of the model is that policymakers exploit random matching to produce some assortative … matching through UI policy. The Paper considers a mechanism whereby a declining UI time profile makes unemployed workers …

Persistent link: https://www.econbiz.de/10005123852

Policy Complementarities: The Case for Fundamental Labour Market Reform

Coe, David T; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997

The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary effects on unemployment; and thus (b) that policies aimed at...

Persistent link: https://www.econbiz.de/10005791663

Unemployment Insurance Design: Inducing Moving and Retraining

Hassler, John; Mora, Rodríguez; Vicente, José - C.E.P.R. Discussion Papers - 2007

Evidence suggests that unemployed individuals can sometimes affect their job prospects by undertaking a costly action like deciding to move or retrain. Realistically, such an opportunity only arises for some individuals and the identity of those may be unobservable ex-ante. The problem of...

Persistent link: https://www.econbiz.de/10005504238

Optimal Life Cycle Unemployment Insurance

Michelacci, Claudio; Ruffo, Hernán - C.E.P.R. Discussion Papers - 2014

We argue that US welfare would rise if unemployment insurance were increased for younger and decreased for older workers. This is because the young tend to lack the means to smooth consumption during unemployment and want jobs to accumulate high-return human capital. So unemployment insurance is...

Persistent link: https://www.econbiz.de/10011083519

Equilibrium Unemployment Insurance

Hassler, John; Mora, Rodríguez; Vicente, José; … - C.E.P.R. Discussion Papers - 1999

with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by identical …

Persistent link: https://www.econbiz.de/10005067497

The Employment Effects of Severance Payments with Wage Rigidities

Garibaldi, Pietro; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2004

Firing costs due to employment protection legislation have two separate dimensions: a transfer from the firm to the worker to be laid off and a tax paid outside the firm-worker pair. We document that quantitatively transfers are a much larger component than taxes. Nevertheless, to avoid the...

Persistent link: https://www.econbiz.de/10005656295

Hiring And Firing Costs, Adverse Selection And The Persistence Of Unemployment

Kugler, Adriana D.; Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2000

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

Persistent link: https://www.econbiz.de/10005124276

Firing Tax and Severance Payment in Search Economies: A Comparison

Garibaldi, Pietro; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2002

Employment Protection rules have two separate dimensions: a transfer from the firm to the worker to be laid off and a tax paid outside the firm-worker pair. It is well established that with full wage flexibility statutory severance payments (pure transfers) between employers and dismissed...

Persistent link: https://www.econbiz.de/10005136767

A Positive Theory of Geographic Mobility and Social Insurance

Hassler, John; Mora, José V Rodríguez; Storesletten, … - C.E.P.R. Discussion Papers - 2001

This Paper presents a tractable dynamic general equilibrium model that can explain cross-country empirical regularities in geographical mobility, unemployment and labour market institutions. Rational agents vote over unemployment insurance (UI), taking the dynamic distortionary effects of...

Persistent link: https://www.econbiz.de/10005114443