Marimon, Ramon; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1997
. 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 …