Notes on Behavioral Economics and Labor Market Policy

Linda Babcock, William J Congdon, Lawrence Katz and Sendhil Mullainathan

Scholarly Articles from Harvard University Department of Economics

Abstract: Labor market policies succeed or fail at least in part depending on how well they reflect or account for behavioral responses. Insights from behavioral economics, which allow for realistic deviations from standard economic assumptions about behavior, have consequences for the design and functioning of labor market policies. We review key implications of behavioral economics related to procrastination, difficulties in dealing with complexity, and potentially biased labor market expectations for the design of selected labor market policies including unemployment compensation, employment services and job search assistance, and job training.

Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (33)

Published in IZA Journal of Labor Policy

Downloads: (external link)
http://dash.harvard.edu/bitstream/handle/1/11870387/21490600.pdf (application/pdf)

Related works:
Journal Article: Notes on behavioral economics and labor market policy (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hrv:faseco:11870387

Access Statistics for this paper

More papers in Scholarly Articles from Harvard University Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Office for Scholarly Communication ().