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The Effects of Unemployment Compensation in General Equilibrium with Search Unemployment

Author

Listed:
  • Axell, Bo

    (Research Institute of Industrial Economics (IFN))

  • Lang, Harald

    (Research Institute of Industrial Economics (IFN))

Abstract

In 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.

Suggested Citation

  • Axell, Bo & Lang, Harald, 1986. "The Effects of Unemployment Compensation in General Equilibrium with Search Unemployment," Working Paper Series 159, Research Institute of Industrial Economics.
  • Handle: RePEc:hhs:iuiwop:0159
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    File URL: http://www.ifn.se/wfiles/wp/wp159.pdf
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    Cited by:

    1. Björklund, Anders & Holmlund, Bertil, 1986. "The Economics of Unemployment Insurance: The Case of Sweden," Working Paper Series 167, Research Institute of Industrial Economics.

    More about this item

    Keywords

    Unemployment subsidies; general equilibrium; partial model;

    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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