We develop a theory of optimal unemployment insurance (UI) that accounts for workers' job-search behavior and firms … trade-off between insurance and job-search incentives, plus a correction term, which is positive when UI brings the labor …

as many as 99 weeks. This paper investigates the effect of these UI extensions on job search and reemployment. I use the …

of job search associated with UI. The estimated effects of duration on the hazard and on earnings are consistent with the … implications of labor supply and search analysis but not with the view that long unemployment spells create a class of …

This paper studies the optimal redistribution of income inequality in a model with search and matching frictions in the … labor market. We study this problem in the context of a directed search model of the labor market populated by homogeneous … unemployment benefit serves the purpose of lowering the search risk faced by workers. The increasing and regressive labor tax …

without attenuating incentives to search. Here, we examine from a lifetime perspective how the optimal mix between publicly … occur in any period. Even loans can have an adverse effect on search, because they attenuate the consequences of … unemployed. Individuals and markets do not take into account the externalities of such actions: they affect search, and thus the …

We develop an empirical search-matching model which is suitable for analyzing the wage, employment and welfare impact … productivity shocks, long-term contracts, on-the-job search and counter-offers. Importantly, the model allows for the possibility … home production, accounting for the various constraints that arise from search frictions. The model is estimated on the …