effort and benefit sanctions if observed search is deemed insufficient. We find that introducing monitoring and sanctions …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 …This Paper analyses 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 …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 …

monitoring and sanctions restores search incentives most effectively, since it brings additional incentives to search actively so … of improving the efficiency of UI: the duration of benefit payments, monitoring in conjunction with sanctions, and … monitoring and sanctions than in the other two systems. Workfare appears to be inferior to the other two systems. …

preferences for leisure. The analysis suggests that a system with monitoring and sanctions restores search incentives most … of improving the efficiency of UI: the duration of benefit payments, monitoring in conjunction with sanctions, and … effectively, since it brings additional incentives to search actively so as to avoid the sanction. Therefore, the UI provider can …

sequencing of benefits), monitoring in conjunction with sanctions, and workfare. Our reading of the theoretical literature is … that the case for imposing a penalty on less active job search is fairly solid. A growing number of empirical studies …

negatively correlated with the unemployment rate. These empirical facts are explained in an equilibrium search model where firms …% and welfare increases. Average search effort decreases, but the unemployment rate and duration decrease as vacancy …

explained in an equilibrium search model where firms finance UI benefits via a payroll tax, and are heterogeneous with respect … eligible unemployed collect, benefit expenditures increase by 29% and welfare increases by 0.43%. Average search effort …

We study a labor market in which principals and agents must search for a trading partner, and agents have private … match. This leads to insufficient frictional unemployment and search, and lower average productivity and utility. A fully …