Showing 1 - 10 of 105
in an economy characterized by equilibrium unemployment and moral hazard. In line with previous studies, the optimality …
Persistent link: https://www.econbiz.de/10005132860
averse agents, capital and a labor-leisure choice has the ability to match all moments of the ac- tual US-unemployment rate … be unable to generate the observed fuctuations in unemployment rates and give the reason for their failure …
Persistent link: https://www.econbiz.de/10005342913
Persistent link: https://www.econbiz.de/10005345706
Persistent link: https://www.econbiz.de/10005706824
We propose an agent-based model to investigate the effects of policies against poverty – income support, workfare policies and active labor market programs within different economic and institutional setting
Persistent link: https://www.econbiz.de/10005132584
Persistent link: https://www.econbiz.de/10005537663
We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. We structurally model matching frictions and rigid wages in line with an...
Persistent link: https://www.econbiz.de/10005342905
This paper aims at analyzing the welfare effects of allowing different levels of flexibility in the choice of the numbers of hours worked (part-time, full-time, extra-time). To do so we consider a setting with bargaining frictions, partially indivisible labor, heterogeneous agents and firms, and...
Persistent link: https://www.econbiz.de/10005342996
unemployment insurance scheme and the voting behaviour on unemployment policy reforms. Agents, who have a limited lifetime and … decline of their individual productivity during unemployment, whereas the productivity of employed agents increases over time …. Any form of unemployment insurance must take into account an important trade-off. On the one hand, generous benefits are …
Persistent link: https://www.econbiz.de/10005345051
We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face …
Persistent link: https://www.econbiz.de/10005345268