Lise, Jeremy; Meghir, Costas; Robin, Jean-Marc - National Bureau of Economic Research (NBER) - 2013
We develop an empirical search-matching model which is suitable for analyzing the wage, employment and welfare impact … productivity shocks, long-term contracts, on-the-job search and counter-offers. Importantly, the model allows for the possibility … impacts from optimal unemployment insurance policy. Here optimal policy is defined as that which maximizes total output and …