This paper discusses how employment vouchers should depend on age in a simple overlapping generations model in which …

The paper examines the employment and unemployment implications of permitting unemployed people to use part of their … unemployment benefits to provide employment vouchers to the firms that hire them. This opportunity to transfer unemployment … unemployment benefits. It would not be inflationary since the long-term unemployed, on whom the vouchers are targeted, have little …

and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage … bargaining and wage posting by firms. We use the framework to study the influence of alternative labor market institutions and … policies on wages and unemployment. …

employed to unemployment facilitates a reduction in the level of employment protection; that unemployment benefits are lower …, the more employment reacts to wages; and that a higher level of unemployment and a right-wing government slow down the …

people's employment incentives and could achieve reductions in unemployment without reducing the level of support to the …We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment … balances in these accounts are available to them during periods of unemployment. The government is able to undertake balanced …

Unemployment insurance and employment protection are typically discussed and studied in isolation. ln this paper, we … employment protection - in the form of layoff taxes; indeed, optimality requires that layoff taxes be equal to unemployment …, from the financing of unemployment insurance, to the respective roles of severance payments and unemployment benefits. …

frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. …

We construct an overlapping generations model with unemployment risk where wages, employment and severance payments are … set through efficient bargaining between risk averse Unions and risk neutral firms. Assuming that a First Best cannot be … a market economy. We prove that the latter generates too little employment and consumption smoothing, an excessive young …

specificities for the effect of labor market institutions on the employability of those workers. It shows that while unemployment … for employment protection, provided it is uniform across workers and not specifically higher for older workers. It …

mandated unemployment insurance (UI) and employment protection (EP). To illuminate the forces in these models, we study how UI …We use three general equilibrium frameworks with jobs and unemployed workers to study the effects of government … representative family model with employment lotteries has no labour market frictions and complete markets. The adverse welfare state …