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Article dans une revue Journal of Public Economic Theory Année : 2010

Career paths, unemployment, and the efficiency of the labor market: should youth employment be subsidized?

Résumé

This paper studies the implications of learning-by-doing on youth unemployment and market efficiency when workers benefiting from this kind of training experience search (while on the job) for a higher skill job. Firms with low-skill jobs suffer from a poaching behavior by firms with high-skill jobs, causing a shortage of low-skill jobs and excessive youth unemployment. An optimal policy, consisting of taxing the output of high-skill jobs and subsidizing the output of low-skill jobs, restores market efficiency and reduces youth unemployment.
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Dates et versions

halshs-00545220, version 1 (09-12-2010)

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Frédéric Gavrel, Isabelle Lebon, Thérèse Rebière. Career paths, unemployment, and the efficiency of the labor market: should youth employment be subsidized?. Journal of Public Economic Theory, 2010, 12 (3), pp.533-560. ⟨10.1111/j.1467-9779.2010.01463.x⟩. ⟨halshs-00545220⟩
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