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This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are …
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We explore the implications of replacing current unemployment benefit (UB) systems by unemployment accounts (UA). Under the UA system, employed people would be required to make ongoing contributions to their unemployment accounts, and the balances in these accounts would then be available to...
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The paper explores the employment implications of allowing people the opportunity of using a portion of their incapacity benefits to provide employment vouchers for employers that hire them. The analysis indicates that introducing this policy could increase employment, raise the incomes of...
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these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …
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