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 …

In this paper we argue that employment protection legislation is more likely to arise when the rents earned by the … greater employment protection. The model also predicts that lower turnover increases the political support for employment … protection and that this political support is greater when employment protection is more harmful for employment. Also, rigidities …