The paper presents a general equilibrium model of search unemployment that incorporates absence from work as a distinct … labor force state. Absenteeism is driven by random shocks to the value of leisure that are private information to the …

The paper presents a tractable general equilibrium model of search unemployment that incorporates absence from work as … a distinct labor force state. Absenteeism is driven by random shocks to the value of leisure that are private … among nonemployed individuals interact with their search decisions and trigger movements into and out of the labor force …

The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … benefits affect individual decisions on absence and search and the implications for employment, unemployment and … as random shocks to individual utility functions, interacts with individual search and labor supply decisions and …

of the unemployment insurance and the optimal search behavior of the unemployed gives rise to a self … with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by identical … unemployment insurance levels into a politico-economic equilibrium. The interaction between the political decision about the level …

In this paper, the authors incorporate a positive theory of unemployment insurance into a dynamic overlapping … generations model with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by … unemployment insurance levels in a politico-conomic equilibrium. …

in more detail labour flexibility, namely labour market flows, long-term unemployment and labour force deprivation. The … third part addresses wage flexibility and relative wages, with special attention paid to regional unemployment elasticity of … labour mobility, labour deprivation due to long-term unemployment, skill mismatch and emerging signs of inflexibility in wage …

changes in the distribution of unemployment benefit duration. We find that search activity is greater when a claimant's UI … benefits near exhaustion. Furthermore, search activity responses to the passage of bills that increase unemployment benefits …The large-scale unemployment caused by the Great Recession has necessitated unprecedented increases in the duration of …

The effects on the aggregate unemployment rate of employment-protection provisions has been the subject of considerable … employment security is to increase the efficiency wage but not necessarily to increase unemployment. …

We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity …. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies …

This paper revisits the normative properties of search-matching economies when homogeneous workers have concave utility … and second when search effort is not observable. To decentralize these optima, employees should be unable to extract a … optima, non-linear income taxation is a key complement to unemployment insurance. According to the level of the workers …