Converting unemployment benefits into employment subsidies

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Why people don't find work

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Innovative employment initiatives

This title was first published in 2000. The result of an international meeting organized by the European Centre, this book reports from economists, social scientists and experts from government and inter-governmental institutions who came together to investigate the best way to overcome mass unemployment in Europe.SCOPUS: bk.binfo:eu-repo/semantics/publishe

The effects of productivity and benefits on unemployment: Breaking the link

In the standard macroeconomic search and matching model of the labor market, there is a tight link between the quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This tight link is at odds with the empirical literature. We show that a two-sided model of labor market search where the household and firm decisions are decomposed into job offers, job acceptances, firing, and quits can break this link. In such a model, unemployment benefits affect households' behavior directly, without having to run via the bargained wage. A calibration of the model based on U.S. JOLTS data generates both a solid amplification of productivity shocks and a moderate effect of benefits on unemployment. Our analysis shows the importance of investigating the effects of policies on the households' work incentives and the firms' employment incentives within the search process

The effects of productivity and benefits on unemployment: Breaking the link

In the standard macroeconomic search and matching model of the labor market, there is a tight link between the quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This tight link is at odds with the empirical literature. We show that a two-sided model of labor market search where the household and firm decisions are decomposed into job offers, job acceptances, firing, and quits can break this link. In such a model, unemployment benefits affect households' behavior directly, without having to run via the bargained wage. A calibration of the model based on U.S. JOLTS data generates both a solid amplification of productivity shocks and a moderate effect of benefits on unemployment. Our analysis shows the importance of investigating the effects of policies on the households' work incentives and the firms' employment incentives within the search process

Stabilization policy and the risk of illiquidity

SIGLELD:3597.07(130) / BLDSC - British Library Document Supply CentreGBUnited Kingdo

Revenue-sharing subsidies as employment policy Reducing the cost of stimulating East German employment

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How are product demand changes transmitted to the labour market

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The gathering storm Unemployment and mismatch in an integrated Europe

SIGLEAvailable from British Library Document Supply Centre- DSC:3597.9148(14/92) / BLDSC - British Library Document Supply CentreGBUnited Kingdo