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Directed Search, Unemployment and Public Policy

Benoit Julien (), John Kennes (), Ian King () and Sephorah Mangin ()

No 1049, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: We examine the effects of public policy parameters in a simple directed search model of the labour market, and contrast them with those in standard random matching models with Nash bargaining. Both finite and limit versions of the directed search model are considered, and the value of the limit model as an approximation of the finite one is assessed. As with the random matching model, job creation is the key channel through with the policy parameters effect the equilibrium of the directed search model. Both comparative static effects of the policy parameters and optimal configurations are identified.

JEL-codes: D44 E24 H20 J31 J41 J64 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2008
New Economics Papers: this item is included in nep-dge, nep-lab and nep-mac
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Journal Article: Directed search, unemployment and public policy (2009) Downloads
Journal Article: Directed search, unemployment and public policy (2009) Downloads
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