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dc.contributor.authorWauthy, Xavieren
dc.contributor.authorZenou, Yvesen
dc.date.accessioned2009-01-28T16:20:17Z-
dc.date.available2009-01-28T16:20:17Z-
dc.date.issued2001-
dc.identifier.urihttp://hdl.handle.net/10419/21198-
dc.description.abstractWe consider a continuum of workers ranked according to their abilities to acquire educationand two firms with different technologies that imperfectly compete in wages to attract theseworkers. Once employed, each worker bears an education cost proportional to his/her initialability, this cost being higher in the high-technology firm. At the Nash equilibrium, we showthat the unemployed workers are those with the lowest initial abilities. We then studydifferent policies that subsidy either the education cost or wages and compare them. Wefound that the first best allocation can only be implemented by selective policies. We thenanalyze second best non-selective policies that do not discriminate between workers andfirms and show that, in terms of welfare, subsidizing education costs or wages is strictlyequivalent.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x340en
dc.subject.jelH20en
dc.subject.jelJ31en
dc.subject.jelL13en
dc.subject.ddc330en
dc.subject.keywordNash equilibrium in wagesen
dc.subject.keywordheterogeneous workers and firmsen
dc.subject.keywordinequalityen
dc.subject.keywordunemployment policiesen
dc.subject.stwArbeitsmarkten
dc.subject.stwLohnen
dc.subject.stwHumankapitalen
dc.subject.stwUnvollkommener Wettbewerben
dc.subject.stwArbeitsmarktpolitiken
dc.subject.stwQualifikationen
dc.subject.stwTheorieen
dc.titleHow Does Imperfect Competition in the Labor Market Affect Unemployment Policies?-
dc.typeWorking Paperen
dc.identifier.ppn844093742en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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