TY - JOUR
T1 - Directed search, unemployment and public policy
T2 - Recherche dirigée d’emploi, chômage et politique publique.
AU - Julien, Benoît
AU - Kennes, John
AU - King, Ian
AU - Mangin, Sephorah
PY - 2009/8
Y1 - 2009/8
N2 - We examine the effects of public policy parameters in a simple directed search model of the labour market, and contrast them with those in standard random matching models with Nash bargaining. Both finite and limit versions of the directed search model are considered, and the value of the limit model as an approximation of the finite one is assessed. As with the random matching model, job creation is the key channel through which the policy parameters affect the equilibrium of the directed search model. Both comparative static effects of the policy parameters and optimal configurations are identified.
AB - We examine the effects of public policy parameters in a simple directed search model of the labour market, and contrast them with those in standard random matching models with Nash bargaining. Both finite and limit versions of the directed search model are considered, and the value of the limit model as an approximation of the finite one is assessed. As with the random matching model, job creation is the key channel through which the policy parameters affect the equilibrium of the directed search model. Both comparative static effects of the policy parameters and optimal configurations are identified.
UR - https://www.scopus.com/pages/publications/67650693037
U2 - 10.1111/j.1540-5982.2009.01534.x
DO - 10.1111/j.1540-5982.2009.01534.x
M3 - Article
AN - SCOPUS:67650693037
SN - 0008-4085
VL - 42
SP - 956
EP - 983
JO - Canadian Journal of Economics
JF - Canadian Journal of Economics
IS - 3
ER -