Arbeitspapier
Equilibrium Search with Time-Varying Unemployment Benefits
In this paper, we show how time-varying unemployment benefits can generate equilibrium wage dispersion in an economy in which identical firms post wages and homogeneous workers search for acceptable offers. We allow for matching frictions and for free entry and exit of vacancies, and we model time-varying unemployment benefits in a simple and natural way. We characterize the equilibrium, and we derive the comparative statics effects of changes in the unemployment compensation system on the equilibrium wage distribution and the unemployment rate.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 487
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Albrecht, James
Vroman, Susan
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2001
- Handle
- Last update
- 10.03.2025, 11:43 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Albrecht, James
- Vroman, Susan
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2001
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