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来源类型Working Paper
规范类型报告
DOI10.3386/w18666
来源IDWorking Paper 18666
Search and Work in Optimal Welfare Programs
Nicola Pavoni; Ofer Setty; Giovanni L. Violante
发表日期2013-01-04
出版年2013
语种英语
摘要Some existing welfare programs ("work-first") require participants to work in exchange for benefits. Others ("job search-first") emphasize private job-search and provide assistance in finding and retaining a durable employment. This paper studies the optimal design of welfare programs when (i) the principal/government is unable to observe the agent's effort, but can assist the agent's job search and can mandate the agent to work, and (ii) agents' skills depreciate during unemployment. In the optimal welfare program, assisted search is implemented between an initial spell of private search (unemployment insurance) and a final spell of pure income support where search effort is not elicited. To be effective, job-search assistance requires large reemployment subsidies. The optimal program features compulsory work activities for low levels of program's generosity (i.e., its promised utility or available budget). The threat of mandatory work acts like a punishment that facilitates the provision of search incentives without compromising consumption smoothing too much.
主题Microeconomics ; Economics of Information ; Public Economics ; Taxation ; Labor Economics ; Labor Supply and Demand ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w18666
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/576341
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GB/T 7714
Nicola Pavoni,Ofer Setty,Giovanni L. Violante. Search and Work in Optimal Welfare Programs. 2013.
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