in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance … high unemployment, low geographical mobility and high unemployment insurance, and one 'American' steady-state featuring low … unemployment, high mobility and low unemployment insurance. …

A welfare analysis of unemployment insurance (UI) is performed in a general equilibrium job search model. Finitely … accumulated by workers. A matching function relates unemployment, hiring expenditure, and search effort to the formation of jobs … to match microeconomic studies of unemployment spells. Under logarithmic utility, numerical simulation shows rather small …

macroeconomic model of the US economy designed for a welfare analysis of unemployment insurance policy. The other models make three … unemployment insurance, partly because search externalities magnify the effects of wage changes. The optimal level of unemployment …

In this paper, we incorporate a positive theory of unemployment insurance into a dynamic overlapping generations model … unemployment insurance levels in a politico-economic equilibrium. The interaction between the political decision about the level of … the unemployment insurance and the optimal search behavior of the unemployed gives rise to a self-reinforcing mechanism …

We construct and calibrate a general equilibrium business cycle model with unemployment and precautionary saving. We …' income riskier, both by increasing the unconditional probability of unusually long unemployment spells, and by making wages … fiscal policy offsets the cycle, holding unemployment benefits constant but varying the tax rate procyclically to smooth …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies with calibrated … parameters which only differ by the degree of unemployment insurance and assume that they are hit by a common technological shock …

shocks and selection, I find that the exit hazard rates into and out of unemployment increased after the reform by over 1 … implies a net decrease in unemployment of a third of a percentage point, which accounts for about one quarter of the fall in … unemployment during the period of study. …

function is used to model unemployment. The standard model can generate sufficiently large cyclical fluctuations in … unemployment, or a sufficiently small response of unemployment to labor market policies, but it cannot do both. Variable search and …

distribution of firm characteristics, sorting patterns between firms and workers, and unemployment rates that can help explaining …