Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment … large between 1996 and 2000 and undoubtedly contributed strongly to the exceptional employment performance during that …

risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment …This paper derives optimal employment contracts when workers are risk averse and there are employment and unemployment … during employment but dismissal delays insure partially against the unemployment risk because of moral hazard. During the …

The standard motivation for unemployment compensation is consumption smoothing and most papers in the literature have … analyzed trade-offs involving consumption smoothing and moral hazard. This paper shows how such policy can increase output by … enhancing the assignment of workers to jobs in the face of firm productivity heterogeneity and skill-biased technological change …