The Effects of Unemployment Compensation in General Equilibrium with Search Unemployment

Bo Axell and Harald Lang
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Bo Axell: Research Institute of Industrial Economics (IFN)
Harald Lang: Research Institute of Industrial Economics (IFN)

No 159, Working Paper Series from Research Institute of Industrial Economics

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 (search for similar items in EconPapers)
JEL-codes: J64 J65 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1986-06
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Citations: View citations in EconPapers (1)

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