BACLET, Alexandre; COHEN, Daniel; NOUVEAU, Cyril - In: Annales d'Economie et de Statistique (2009) 95-96, pp. 25-41
The paper investigates the welfare differential between employed and non-employed workers in the US and in France. Using a simplified version of the Mortensen-Pissarides matching model, we explore the role of hiring and firing costs in understanding how the welfare differential and the labor...