The Effects of Unemployment Compensation in General Equilibrium with Search Unemployment
AbstractIn this article it is shown that when the effects of an increase in unemployment subsidies are studied in a general equilibrium framework, unemployment increases far less than in a "partial-partial" model, or may even decrease.
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Bibliographic InfoPaper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 159.
Length: 19 pages
Date of creation: Jun 1986
Date of revision:
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Unemployment subsidies; general equilibrium; partial model;
Find related papers by JEL classification:
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
- J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings
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- Björklund, Anders & Holmlund, Bertil, 1986. "The Economics of Unemployment Insurance: The Case of Sweden," Working Paper Series 167, Research Institute of Industrial Economics.
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