The paper presents a general equilibrium model of search unemployment that incorporates absence from work as a distinct … labor force state. Absenteeism is driven by random shocks to the value of leisure that are private information to the …

The paper presents a general equilibrium model of search unemployment that incorporates absence from work as a distinct … labor force state. Absenteeism is driven by random shocks to the value of leisure that are private information to the …

This paper revisits the normative properties of search-matching economies when homogeneous workers have concave utility … and second when search effort is not observable. To decentralize these optima, employees should be unable to extract a … optima, non-linear income taxation is a key complement to unemployment insurance. According to the level of the workers …

exist because of valuable job-matches, unemployment among high-productivity laid-off workers may be optimal from societal … unemployment instead of low-wage jobs, resulting in an inefficient level of unemployment. This paper shows that in such cases, a re …

We develop a method to jointly measure the response of worker search effort (individual effect) and vacancy creation … (market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we … market. The data indicate that the cut in Missouri significantly increased job finding rates by both raising the search …

This paper revisits the normative properties of search-matching economies when homogeneous workers have concave utility … and second when search effort is not observable. To decentralize these optima, employees should be unable to extract a … optima, non-linear income taxation is a key complement to unemployment insurance. According to the level of the workers …

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 them during periods of unemployment. The government would be able to …

selective extension of the potential duration of unemployment benefits. If social interactions are important, this policy change … affects entitled individuals not only directly, but also indirectly by altering the duration of unemployment in the reference …

This paper analyzes the design of optimal unemployment insurance in a search equilibrium framework where search effort … among the unemployed is not perfectly observable. We examine to what extent the optimal policy involves monitoring of search … effort and benefit sanctions if observed search is deemed insufficient. We find that introducing monitoring and sanctions …