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Article dans une revue Research in Economics Année : 2015

Can active labor market policy be counter-productive?

Résumé

We study active labor market policies (ALMP) in a matching model with heterogenous workers. ALMPs are modeled as a subsidy to job search, and search takes place along an extensive margin. An additional job seeker affects the quality of unemployed workers. As a result, the Hosios conditions for efficiency are no longer valid: to replicate the optimum the worker share in bargaining must exceed the Hosios level, and one must impose a tax on job search activity. We also characterize the coalition in favor of ALMP.
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Dates et versions

halshs-01314291, version 1 (11-05-2016)

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Gilles Saint-Paul. Can active labor market policy be counter-productive?. Research in Economics, 2015, 69 (1), pp.26-36. ⟨10.1016/j.rie.2014.11.001⟩. ⟨halshs-01314291⟩
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