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We study the subsidization of extra jobs in a general equilibrium framework. While the previous literature focuses on symmetric marginal employment subsidies where firms are rewarded when they increase employment but punished when they reduce their workforce, we consider an asymmetric scheme...
Persistent link: https://www.econbiz.de/10013316797
We study the subsidization of extra jobs in a general equilibrium framework. While the previous literature focuses on symmetric marginal employment subsidies where firms are rewarded when they increase employment but punished when they reduce their workforce, we consider an asymmetric scheme...
Persistent link: https://www.econbiz.de/10010264237
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optimal if the government can choose the level of unemployment benefits as well as the degree of central bank conservatism. …
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This paper analyzes unemployment insurance (UI) schemes in the presence of mobile workers and trade unions at industry … account for the cost of higher wages as mobility allows them to partially shift the burden of unemployment to other UIs. A … aims in the design of unemployment insurance. …
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