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...
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| Format: | Revija |
| Jezik: | English |
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Washington, D.C. :
International Monetary Fund,
2017.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2017/087 |
| Online dostop: | Full text available on IMF |