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This paper estimates a structural model of job search which accounts for utility costs and benefits linked to mandatory reemployment programs. The estimation uses data from a randomized experiment which generates exogenous variation in the threat of program participation. I use the compensating...
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and those predicted to face a penalty compared to their pre-unemployment wage display overly optimistic wage expectations …
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turbulenten Umfeld, welches in Form von Qualifikationsverlust während Zeiten der Arbeitslosigkeit modelliert ist, um eine …-optimal level of aggregate search. It is shown that the optimal allocation can be implemented using cyclical unemployment benefits …. Unemployment ; labor market policy ; economic turbulence ; trade liberalization ; cyclical unemployment benefits …
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