search costs play a positive role, whose effect may outweigh the negative implications. As workers are provided incentives to … exert effort by the threat of losing their job and having to search for a new vacancy, a reduction in job search costs leads … stay out of the labor market, resulting in lower employment and decreased welfare. Eventually, a reduction of jobs search …

We study optimal unemployment insurance (UI) over the business cycle using a heterogeneous agent job search model with …

Providing unemployment insurance is particularly problematic in countries with high informality because workers can … claim unemployment benefits and work in the informal sector at the same time. This paper proposes a method to evaluate … unemployment insurance savings account (UISA) scheme can be evaluated. The method is applied to Mexico, and the results show how …

This paper explores the role of religion in mitigating the degree to which unemployment reduces subjective well …