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Unemployment Vouchers versus Low-Wage Subsidies
Orszag, J. Michael; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
The paper examines the relative effectiveness of two policy proposals in reducing unemployment and working poverty: unemployment vouchers and low-wage subsidies. The unemployment vouchers are targeted exclusively at the unemployed (especially the long-term unemployed) and are provided only for a...
Persistent link: https://www.econbiz.de/10005247692
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Unemployment Accounts and Employment Incentives
Brown, Alessio J. G.; Orszag, J. Michael; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2006
We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment accounts (UA) system. Under the UA system, employed people are required to make ongoing contributions to their UAs and the balances in these accounts are available to them during...
Persistent link: https://www.econbiz.de/10005703506
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An Incentive Theory of Matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …
Persistent link: https://www.econbiz.de/10004961441