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How Imperfect Competition in the Labor Market Affects Long-Term Unemployment Policies ?

Author

Listed:
  • WAUTHY, Xavier

    (METEOR, University of Limburg, Maastricht and IRES, Université catholique de Louvain)

  • ZENOU , Yves

    (Center for Operations Research and Econometrics (CORE), Université catholique de Louvain (UCL), Louvain la Neuve, Belgium and ERMES, Université de Paris-Assas)

Abstract

We consider a continuum of unemployed workers ranked according to their unemployment duration. There are two industries, a high and a low technology one, which compete imperfectly on the labor market. Once employed, each individual must bear a training cost, which is proportional to his unemployment duration, the training cost being larger in the high technology industry. There is a duration dependence since the long-term unemployed may never find a job. In this framework, we study different types of second best policies that either subsidy the training cost or the wages and we compared them.

Suggested Citation

  • WAUTHY, Xavier & ZENOU , Yves, 1996. "How Imperfect Competition in the Labor Market Affects Long-Term Unemployment Policies ?," LIDAM Discussion Papers CORE 1996015, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:1996015
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    File URL: https://sites.uclouvain.be/core/publications/coredp/coredp1996.html
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