Labor market policy evaluation in equilibrium: some lessons of the job search and matching model

We analyze the consequences of counseling provided to job seekers in a standard job search and matching model. It turns out that neglecting equilibrium effects induced by counseling can lead to wrong conclusions. In particular, counseling can increase steady state unemployment although counseled job...

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Bibliographic details
Volume: 3687
Main Author: Cahuc, Pierre
Barbanchon, Thomas Le
Format: Paper
Language: English
Place of publication: Bonn Institute for the Study of Labor (IZA) 2008
published in: IZA discussion papers Vol. 3687
Data of publication: 2008
Online Access: Fulltext
Database: EconStor
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