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This paper presents a model of the labor market where public workfares increase private wages by reducing labor supply. In a dynamic setting, we show that when wages are downwardly rigid, forward-looking employers optimally compress wage increases in response to intertemporal variability in the...
Persistent link: https://www.econbiz.de/10014244516
workfare. To that end we develop a quantitative model of equilibrium unemployment. The model features worker heterogeneity … monitoring and sanctions than in the other two systems. Workfare appears to be inferior to the other two systems. …
Persistent link: https://www.econbiz.de/10011509411
We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married...
Persistent link: https://www.econbiz.de/10010510507
We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married...
Persistent link: https://www.econbiz.de/10010517688
We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married...
Persistent link: https://www.econbiz.de/10010519552
Unemployment benefits often reduce incentives to search for a job. Policymakers have responded to this behaviour by setting minimum job search requirements, by monitoring to check that unemployment benefit recipients are engaged in the appropriate level of job search activity, and by imposing...
Persistent link: https://www.econbiz.de/10011417039
We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married...
Persistent link: https://www.econbiz.de/10010530687
We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married...
Persistent link: https://www.econbiz.de/10011386784
This paper shows that increased factor mobility might cause the ``race to the top'' in setting the minimum wage, contrary to what other studies have suggested. By focusing on geographical labor mobility, we propose a minimum wage competition model and show that minimum wage rates may increase...
Persistent link: https://www.econbiz.de/10012897782
We analyze empirically the optimal mix and optimal generosity of social insurance and assistance programs. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married couples. Partial insurance against wage and employment shocks is...
Persistent link: https://www.econbiz.de/10012970601