Labor Market Institutions and the Cost of Recessions

Labor Market Institutions and the Cost of Recessions
This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare cost of recessions. The paper develops a tractable incomplete-market model with search unemployment, skill depreciation during unemployment, and idiosyncratic as well as aggregate labor... READ MORE...

Publication date: April 2017
ISBN 9781475592245
$18.00

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