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incentives. We find that social incentives lead to a 13% rise in productivity, regardless of their form (lump sum or related to … performance) or strength. The response is strong for subjects with low initial productivity (30%), while high-productivity … increase in private compensation for low productivity subjects reveals that the former are less effective in increasing …
Persistent link: https://www.econbiz.de/10013033504
This paper describes a search model with a continuum of workerand job types, transferable utility and an increasing … benefitscan reduce the loss by serving as a search subsidy. The loss caused by search frictions is higher when worker types are …
Persistent link: https://www.econbiz.de/10005765705
The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … worker may prefer nonparticipation if the disutility of search is amplified by sickness. The decisions governing labor force … affect individual decisions on absence and search and the implications for employment, unemployment and nonparticipation. The …
Persistent link: https://www.econbiz.de/10005766180
The paper presents a tractable general equilibrium model of search unemployment that incorporates absence from work as … among nonemployed individuals interact with their search decisions and trigger movements into and out of the labor force …
Persistent link: https://www.econbiz.de/10005405943
those participating in the scheme, and in particular the possible locking-in effect reducing job search. In a general … equilibrium search framework, we show that the effects of workfare policies critically depend on the response of those not in the … implies that unemployed not yet in workfare may search more for regular jobs, and employed may accept lower wages since the …
Persistent link: https://www.econbiz.de/10005406005
search productivity of unemployed is constant over the unemployment spell, benefits should typically increase or be constant … increasing benefits, moral hazard problems for constant benefits and decreasing search productivity for decreasing benefits. …
Persistent link: https://www.econbiz.de/10005406174
distinction between efficient (cities) and less efficient (non-cities) search markets. One implication of the model is that …
Persistent link: https://www.econbiz.de/10005406268
The paper develops a two-sector general equilibrium search model where goods are produced exclusively in the market and …
Persistent link: https://www.econbiz.de/10005406341
monitoring and sanctions restores search incentives most effectively, since it brings additional incentives to search actively so …
Persistent link: https://www.econbiz.de/10005406375
; layoffs are random and beyond the worker’s influence, while the re-employment chance is directly affected by search effort. We … characterize the worker’s optimal savings and job-search behavior as well as the resulting consumption paths and wealth formation …. In general, all decisions will depend on the current level of wealth: First, the choice of search effort increases as …
Persistent link: https://www.econbiz.de/10005094158