We consider the search behaviour of an infinite lifetime worker whose expected matching gains are assumed to be decreasing over the spell of unemployment. The search effort is linked positively to future earnings and negatively to the worker's reservation wage. We show that this may give rise to...

Our aim is to explain why the pattern of relative unemployment rates by education groups was non monotonic in most of the OECD countries. In a two-sector matching model, a simple unexpected productivity shock biased against unskilled labor can replicate the observed dynamics. Effects of...

Dans le cadre d'un modele d'appariement a la Diamond-Pissarides cet article analyse les effets macroeconomiques d'une elevation reguliere du capital humain des nouvelles generations entrant sur le marche du travail. Ces effets concernent la formation des salaires, le chomage et l'exclusion des...

In this paper, the author reveals an equivalence property between Blanchard's perpetual youth model and the imperfect altruism issue. This essentially requires that the insurance system disappears, and the the bequest nonegativity constraint does not bind. The resulting equilibrium is unique and...

La literature recente sur l'articulation chomage-education a pour proprietes que l'effort educatif (i) croit avec le taux de sortie du chomage et (ii) a des rendements croissants. Le role de l'Etat consiste alors a inciter les agents a accroitre l'intensite de leur formation pour reduire le taux...