Autore: Fugazza, Marco
Titolo: Search subsidies vs hiring subsidies: A general equilibrium analysis of employment vouchers
Periodico: European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1999 - Fascicolo: 16 - Pagina iniziale: 1 - Pagina finale: 34

In 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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Testo completo: http://www.iue.it/ECO/WP-Texts/ECO99-16.pdf

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