Autore
Fugazza, MarcoTitolo
Search subsidies vs hiring subsidies: A general equilibrium analysis of employment vouchersPeriodico
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papersAnno:
1999 - Fascicolo:
16 - Pagina iniziale:
1 - Pagina finale:
34In a two-sided search model, where tlie inatcliing function is characterized by ex post niatch-s])ecific heterogeneity and variahle search intensity, thè relative performance of search and lliring snl>-sidies in tenns of l)oth cost effectiveness and aggregate efficieiicy is assessed. Conditions for cost effectiveness to be obtained are de-fined for both instruments. A compntational exercice shows tliat searcll subsiclies tend to be more effìcient than lliring snbsidies, specially in tenns of nndereniploynient
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