La literature recente sur l'articulation chomage-education a pour proprietes que l'effort educatif (i) croit avec le taux de sortie du chomage et (ii) a des rendements croissants. Le role de l'Etat consiste alors a inciter les agents a accroitre l'intensite de leur formation pour reduire le taux...

We consider the labour market implications of skill decay. State dependence in individual hazards emerges from the joint result of (optimal) hiring and search behaviours. We shed light on an original externality according to which firms' profits increase with the valuation of vacancies....

This note exhibits sufficient conditions concerning the skills of old workers ruling out overaccumulation stationnary equilibria in an OLG model with productive capital.

We consider a two-period overlapping generations economy in which individuals work in both periods and acquire skills when young through both learning-by-doing and formal education. We characterise the unique saddle-path stable steady state of this economy and show that individuals spend too...

This paper qualifies Weil [1989]'s according to which dynamic efficiency may fail when agents are infinitely-lived, but "disconnected" from previous ones. It is shown that finite horizons matter in the following sense: if dynamic inefficiency results when the agents have infinite horizons, then...

Cette etude s'inscrit dans la lignee des travaux analysant les liens entre education et emploi. Nous presentons un modele dual du marche du travail dans lequel les agents sont heterogenes quant a leur faculte a beneficier de leur education.

Most of the literature on unemployment benefits assumes that they are detrimental to the search effort. However, search is costly and the unemployment are largely finance-constrained. We here consider that search intensity depends on the financial spendings of the worker.

Le chomage genere-t-il le chomage? Le debat oppose les tenants d'une heterogeneite pure, eventuellement inobservable du statisticien, aux partisans d'une veritable relation de dependance des probabilites de sortie vis-a-vis de la duree de l'episode de chomage. A l'aide d'un modele simple, nous...

This is a study in the field of unemployment and unemployability. I build an unclosed matching model of unemployment, where matching rates are exogenous. The value of an unfilled job depends on the average skill of the unemployed, who are supposed to lose (absolutely, or relatively) some of...

In order to increase skilled labour, governments manipulate the quantity and the quality of students. This paper investigates both dynamical and steady state responses of such a shock in a model of matching frictions with both skilled and unskilled agents. A less selective educationpolicy leads...