Hassler, John; Mora, Rodríguez; Vicente, José; … - C.E.P.R. Discussion Papers - 1999
the unemployment insurance and the optimal search behavior of the unemployed gives rise to a self-reinforcing mechanism …In this paper, we 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 identical …