Angyridis, Constantine; Zhou, Haiwen - In: International studies of economics 17 (2022) 3, pp. 296-310
's technology choice is embedded in a search theoretic framework for unemployment. More advanced technology is assumed to have a … increase in the unemployment benefit leads to an increase in the equilibrium wage rate, giving an incentive to firms to choose … a more advanced technology. Thus, this result regarding unemployment insurance in models with wage posting carries …