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Optimal government policies related to unemployment Chia-Hui Lu

By: Lu, Chia Hui .

Material type: Article

ArticlePublisher: 2019Subject(s): DESEMPLEO

| SEGURO DE DESEMPLEO

| SALARIO MINIMO

| POLITICA LABORAL

| EFICIENCIA

| MODELOS ECONOMETRICOS

Online resources: Click here to access online In: Public Finance Review v. 47, n. 1, January 2019, p. 87-111Summary: This article studies the optimal government policies related to unemployment in a frictional labor market. To achieve the optimal allocation, we find that the government should not issue unemployment compensation or subsidies for hiring costs. Moreover, as both firms and households experience disastrous consequences related to the minimum wage, the government should not intervene in the labor market to influence the wage rate and should not set any minimum wage. What the government can do is to make appropriate expenditures on matching efficacy. Furthermore, considering heterogeneous labor abilities in the model does not change our main finding.

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Artículos	IEF	IEF	OP 581/2019/1-4 (Browse shelf)	https://journals.sagepub.com/doi/pdf/10.1177/1091142117712858	Available		OP 581/2019/1-4

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This article studies the optimal government policies related to unemployment in a frictional labor market. To achieve the optimal allocation, we find that the government should not issue unemployment compensation or subsidies for hiring costs. Moreover, as both firms and households experience disastrous consequences related to the minimum wage, the government should not intervene in the labor market to influence the wage rate and should not set any minimum wage. What the government can do is to make appropriate expenditures on matching efficacy. Furthermore, considering heterogeneous labor abilities in the model does not change our main finding.

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Biblioteca del Instituto de Estudios Fiscales

Optimal government policies related to unemployment Chia-Hui Lu

By: Lu, Chia Hui.

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By: Lu, Chia Hui .