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In The Netherlands, the average exit rate out of welfare is dramatically low. Most welfare recipients have to comply with guidelines on job search effort that are imposed by the welfare agency. If they do not, then a sanction in the form of a temporarily benefit reduction can be imposed. This...
Persistent link: https://www.econbiz.de/10014215952
We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face different search costs and have private information about their type. We derive a recursive solution of our dynamic adverse selection problem with repeated moral hazard. Conditions...
Persistent link: https://www.econbiz.de/10010519045
We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face different search costs and have private information about their type. We derive a recursive solution of our dynamic adverse selection problem with repeated moral hazard. Conditions...
Persistent link: https://www.econbiz.de/10013320121
Persistent link: https://www.econbiz.de/10010386709
Persistent link: https://www.econbiz.de/10010471983
Persistent link: https://www.econbiz.de/10011924576
Several European countries have reformed their labor market institutions. Incentive effects of unemployment benefits … levels and labor productivity. In our model, a higher level of unemployment benefits improves the worker's position in wage … bargaining, leading to stronger effort incentives and higher output. However, it also reduces incentives for labor market …
Persistent link: https://www.econbiz.de/10012718896
Several European countries have reformed their labor market institutions. Incentive effects of unemployment benefits … levels and labor productivity. In our model, a higher level of unemployment benefits improves the works position in wage … bargaining, leading to stronger effort incentives and higher output. However, it also reduces incentives for labor market …
Persistent link: https://www.econbiz.de/10013316365
severance policy facilitates the adoption of team incentives and team-based production by making it cost-effective to implement …
Persistent link: https://www.econbiz.de/10012967589
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are …
Persistent link: https://www.econbiz.de/10013160145