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dc.contributor.authorWauthy, Xavieren_US
dc.contributor.authorZenou, Yvesen_US
dc.date.accessioned2009-01-28T16:20:17Z-
dc.date.available2009-01-28T16:20:17Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/21198-
dc.description.abstractWe consider a continuum of workers ranked according to their abilities to acquire education and two firms with different technologies that imperfectly compete in wages to attract these workers. Once employed, each worker bears an education cost proportional to his/her initial ability, this cost being higher in the high-technology firm. At the Nash equilibrium, we show that the unemployed workers are those with the lowest initial abilities. We then study different policies that subsidy either the education cost or wages and compare them. We found that the first best allocation can only be implemented by selective policies. We then analyze second best non-selective policies that do not discriminate between workers and firms and show that, in terms of welfare, subsidizing education costs or wages is strictly equivalent.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 340en_US
dc.subject.jelH20en_US
dc.subject.jelJ31en_US
dc.subject.jelL13en_US
dc.subject.ddc330en_US
dc.subject.keywordNash equilibrium in wagesen_US
dc.subject.keywordheterogeneous workers and firmsen_US
dc.subject.keywordinequalityen_US
dc.subject.keywordunemployment policiesen_US
dc.subject.stwArbeitsmarkten_US
dc.subject.stwLohnen_US
dc.subject.stwHumankapitalen_US
dc.subject.stwUnvollkommener Wettbewerben_US
dc.subject.stwArbeitsmarktpolitiken_US
dc.subject.stwQualifikationen_US
dc.subject.stwTheorieen_US
dc.titleHow Does Imperfect Competition in the Labor Market Affect Unemployment Policies?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn336989601en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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