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- W3125349660 abstract "In-work benefits are becoming an increasingly relevant labour market policy, gradually expanding in scope and geographical coverage. This paper investigates the equilibrium impact of in-work benefits and contrasts it with the traditional partial equilibrium analysis. We find under which conditions accounting for equilibrium wage adjustments amplifies the impact of in-work benefits on search intensity, participation, employment, and unemployment, compared to a framework in which wages are fixed. We also account for the financing of these benefits and determine the level of benefits necessary to achieve efficiency in a labour market characterized by search externalities." @default.
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- W3125349660 date "2011-02-01" @default.
- W3125349660 modified "2023-10-03" @default.
- W3125349660 title "In-Work Benefits and Unemployment" @default.
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