Kuo, Chun-Hung; Miyamoto, Hiroaki - In: Journal of Macroeconomics 43 (2015) C, pp. 267-284
vacancies and a hiring subsidy. This paper finds that the effects of job creation subsides on unemployment differ between models … with and without endogenous job separation. While a positive job creation subsidy shock lowers unemployment in a model … without endogenous job separation, it increases unemployment in a model with endogenous job separation. We also find that …