We specify a life-cycle model of consumption, labor supply and job mobility in an economy with search frictions. We … of programs such as Food Stamps, partially insuring productivity risk, is greater than the value of unemployment …

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 … impacts from optimal unemployment insurance policy. Here optimal policy is defined as that which maximizes total output and …

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 … impacts from optimal unemployment insurance policy. The model is estimated on the NLSY using the method of moments. …

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 … impacts from optimal unemployment insurance policy. The model is estimated on the NLSY using the method of moments …

We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search … stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …

We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search … stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …) insurance against employment risk and no insurance against persistent shocks. -- uncertainty ; life-cycle models ; unemployment …

We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search … stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …

, labour market status, unemployment duration and future welfare-to-work participation. We develop a structural dynamic model …

We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search … stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …) insurance against employment risk and no insurance against persistent shocks. – uncertainty ; life-cycle models ; unemployment …