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selling their production and this affects their decisions to create jobs. Due to search-frictins on the product market … their Competitive Search Equilibrium values, the unemployment rate is minimized. Yet, the Competitive Search Equilibrium is …
Persistent link: https://www.econbiz.de/10004984870
This paper evaluates counselling programmes in an equilibrium matching model where workers are heterogeneous in skill … levels. Job search effort, labour demand and wages are endogenous. When wages are bargained over, raising the effectiveness … of or the access to counselling programmes pushes wages upwards and leads to lower search effort among nonparticipants …
Persistent link: https://www.econbiz.de/10004984803
general equilibrium matching model is built where workers are heterogeneous and risk averse. Heterogeneity allows to look at … the distribution of the effects. Job search effort and wages are endogenous in order to deal with the induced effects of …. A reform that would relate this expected duration to search effort does not appear to produce substantial effects on any …
Persistent link: https://www.econbiz.de/10004984915