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The macroeconomic role of unemployment compensation

Blumḳin, Tomer (contributor); Hadar, Yosi (contributor); … - 2009

The standard motivation for unemployment compensation is consumption smoothing and most papers in the literature have analyzed trade-offs involving consumption smoothing and moral hazard. This paper shows how such policy can increase output by enhancing the assignment of workers to jobs in the...

Persistent link: https://www.econbiz.de/10003867937