Optimal Use of Labor Market Policies: The Role of Job Search Assistance
Conny Wunsch
The Review of Economics and Statistics, 2013, vol. 95, issue 3, 1030-1045
Abstract:
This paper demonstrates how economic theory can be combined with state-of-the-art empirics to make quantitative statements about optimal policy. Using a large administrative data set for West Germany as well as nonparametric and semiparametric estimation techniques, I parameterize the model proposed by Pavoni and Violante (2005, 2007) for the optimal choice of different financial and activation measures for unemployed workers. The parameterized model is used to study the role of job search assistance in optimal welfare-to-work programs and assess the optimality of the West German policy in the period 2000 to 2002. © 2013 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.
Keywords: job search; optimal unemployment insurance; welfare-to-work policies; recursive contracts (search for similar items in EconPapers)
JEL-codes: D82 D86 J64 J65 J68 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (31)
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Working Paper: Optimal Use of Labor Market Policies: The Role of Job Search Assistance (2010) 
Working Paper: Optimal Use of Labor Market Policies: The Role of Job Search Assistance (2009) 
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