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Model Based Predictive Control of Unemployment

Leeves, Gareth D; Herbert, Ric D - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005706824

Optimal Unemployment Insurance in a Search Model with Variable Human Capital

Pollak, Andreas - Society for Computational Economics - SCE - 2005

The framework of a general equilibrium heterogeneous agents model is used to study the optimal design of an unemployment insurance scheme and the voting behaviour on unemployment policy reforms. Agents, who have a limited lifetime and participate in the labour market until they reach the...

Persistent link: https://www.econbiz.de/10005345051

An Adverse Selection Model of Optimal Unemployment Insurance

Hagedorn, Marcus; Kaul, Ashok - Society for Computational Economics - SCE - 2004

We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face different search costs and have private information about their type. We derive a recursive solution of our dynamic adverse selection problem with repeated moral hazard. Conditions...

Persistent link: https://www.econbiz.de/10005345268

Comparison of Optimal Control Solutions in a Labor Market Model

Leeves, Gareth D; Herbert, Ric D - Society for Computational Economics - SCE - 2004

In this paper a variety of computational optimal control techniques are compared on a complicated nonlinear discrete-time model. We use a labor market model with the objective of trying to obtain an unemployment rate objective, using an active labor market program as a control. In reality the...

Persistent link: https://www.econbiz.de/10005345325

How Should Unemployment Benefits Respond to the Business Cycle?

Kiley, Michael - Society for Computational Economics - SCE - 2002

Persistent link: https://www.econbiz.de/10005345431

Unemployment Benefits and the Persistence of European Unemployment

Ortigueira, Salvador - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005345660

Welfare Gains from Monetary Commitment in a Model of the Euro-Area

Levine, Paul; McAdam, Peter; Pearlman, Joseph - Society for Computational Economics - SCE - 2006

This paper sets out first, to quantify the stabilization gains from commitment in terms of household welfare and second …, to examine how commitment to an optimal or approximately optimal rule can be sustained as an equilibrium in which … commitment -- as much as a $5-6\%$ permanent increase in consumption. We also find that a simple optimized commitment rule with …

Persistent link: https://www.econbiz.de/10005537384

Does Employment Protection Inhibit Technical Diffusion?

Samaniego, Roberto M - Society for Computational Economics - SCE - 2004

I ask whether differences in labor market performance between the US and Europe can be attributed to an interaction between employment protection legislation (EPL) and an acceleration in the rate of capital-embodied technical change associated with the advent of information technologies. I find...

Persistent link: https://www.econbiz.de/10005537610

Employment at risk of employment protection : assessing the cost of policy uncertainty

Pierre-Yves, HENIN; Olivier, ALLAIS; Thomas, WEITZENBLUM - Society for Computational Economics - SCE - 2002

Persistent link: https://www.econbiz.de/10005537663

Employment Fluctuations with Downward Wage Rigidity

Costain, James; Jansen, Marcel - Society for Computational Economics - SCE - 2006

This paper considers a dynamic matching model with imperfectly observable worker effort as in Shapiro and Stiglitz (1994). In our economy the no-shirking condition endogenously imposes real wage rigidity on the matching market. This generates "contractual fragility" and inefficient separations...

Persistent link: https://www.econbiz.de/10005706170