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. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … with calibrated parameters which only differ by the degree of unemployment insurance and assume that they are hit by a … regard as acceptable in the economy with unemployment insurance (Europe). As a result, unemployment doubles in this economy …
Persistent link: https://www.econbiz.de/10005788908
, equilibrium wage dispersion is necessary for the economy to approximate efficiency. Without wage dispersion, workers do not search …
Persistent link: https://www.econbiz.de/10005124074
This paper considers an equilibrium model of unemployment in a labour market where all vacancies are advertised in a newspaper. Unemployment occurs in occupations that are short on vacancies. New vacancies are created by entrepreneurial search and investment, so it may take some time before an...
Persistent link: https://www.econbiz.de/10005504418