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Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 5473
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
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.
Schlagwörter: 
in-work benefits
search
labour force participation
wage adjustment
JEL: 
J21
J38
H24
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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