Cahuc, Pierre; Crépon, Bruno; Guitard, Julien; … - Centre de Recherche en Économie et Statistique … - 2008
We develop a partial equilibrium stochastic job matching model of the labor market to examine whetherthe counseling of unemployment workers displaces unemployed workers not offered the counseling. Inthis model, the improvement of the reservation utility of counseled job seekers induces them to...