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effort and benefit sanctions if observed search is deemed insufficient. We find that introducing monitoring and sanctions …This paper analyzes the design of optimal unemployment insurance in a search equilibrium framework where search effort … among the unemployed is not perfectly observable. We examine to what extent the optimal policy involves monitoring of search …
Persistent link: https://www.econbiz.de/10005196932
monitoring and sanctions restores search incentives most effectively, since it brings additional incentives to search actively so … of improving the efficiency of UI: the duration of benefit payments, monitoring in conjunction with sanctions, and … monitoring and sanctions than in the other two systems. Workfare appears to be inferior to the other two systems. …
Persistent link: https://www.econbiz.de/10005644587
sequencing of benefits), monitoring in conjunction with sanctions, and workfare. Our reading of the theoretical literature is … that the case for imposing a penalty on less active job search is fairly solid. A growing number of empirical studies …
Persistent link: https://www.econbiz.de/10005419180
decrease as the level of earnings rises. The framework is a search equilibrium model where wages are determined by Nash … bargaining between firms and workers, job search intensity is endogenous and workers are heterogeneous. The analysis suggests …
Persistent link: https://www.econbiz.de/10005771037
The paper extends the basic Stiglitz (1982) model of optimal income taxation into general search equilibrium. When we …
Persistent link: https://www.econbiz.de/10005190471
The paper presents a tractable general equilibrium model of search unemployment that incorporates absence from work as … among nonemployed individuals interact with their search decisions and trigger movements into and out of the labor force …
Persistent link: https://www.econbiz.de/10005642483
wage policy in a search model with heterogeneous workers. In particular, we characterize the circumstances under which …
Persistent link: https://www.econbiz.de/10005642488
A wage equation for a small open economy is derived and estimated on aggregate data for the Nordic countries. The equation is derived from a model of wage bargaining over nominal wages; hence both long run coefficients and adjustment parameters have clear economic interpretations. Wages depend...
Persistent link: https://www.econbiz.de/10005642494
The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … as random shocks to individual utility functions, interacts with individual search and labor supply decisions and … unemployed worker may prefer nonparticipation if the disutility of search is amplified by sickness. The decisions governing labor …
Persistent link: https://www.econbiz.de/10005644525
This paper analyses Becker´s (1971) theory of employer discrimination within a search and wage-bargaining setting …
Persistent link: https://www.econbiz.de/10005644534