Working Paper Series
Bo Axell and Harald Lang
The Effects of Unemployment Compensation in General Equilibrium with Search Unemployment
Abstract: In this article it is shown that when the effects of an
increase in unemployment subsidies are studied in a general equilibrium
framework, unemployment increases far less than in a "partial-partial"
model, or may even decrease.
Keywords: Unemployment subsidies; general equilibrium; partial model; (follow links to similar papers)
JEL-Codes: J64; J65; (follow links to similar papers)
19 pages, June 1986
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