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
Main Author: Cahuc, Pierre
Le Barbanchon, Thomas
Format: Paper
Language: English
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Database: HAL-SHS: Archive ouverte en Sciences de l'Homme et de la Société
HAL-SHS: Archive ouverte en Sciences de l'Homme et de la Société (Open Access)
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