Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/98999
Authors: 
Cahuc, Pierre
Year of Publication: 
2014
Series/Report no.: 
IZA Discussion Papers 8173
Abstract: 
This paper presents a short overview of dynamic models of labor markets with transaction costs. It shows that these models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage formation. It argues that this renewal provides a very useful toolkit for analyzing important economic policy issues such as the optimal level of unemployment benefits, the funding of unemployment insurance and the impact of employment protection legislation.
Subjects: 
job search
job flows
workers flows
unemployment
JEL: 
J6
J31
J38
Document Type: 
Working Paper

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