Deposit-refund on labor : a solution to equilibrium unemployment? /

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Bibliographic Details
Author / Creator:	Heijdra, Ben J., author.
Imprint:	[Washington, D.C.] : International Monetary Fund, Fiscal Affairs Department, 2000. ©2000
Description:	1 online resource (19 pages) : illustrations.
Language:	English
Series:	IMF working paper ; WP/00/9 IMF working paper ; WP/00/9.
Subject:	Employment subsidies -- Econometric models. Unemployment insurance -- Econometric models. Employment tax credit -- Econometric models. Unemployment -- Econometric models. Labor market -- Econometric models. Equilibrium (Economics) -- Econometric models. Job vacancies -- Econometric models. Employment subsidies -- Econometric models. Equilibrium (Economics) -- Econometric models. Job vacancies -- Econometric models. Labor market -- Econometric models. Unemployment -- Econometric models. Unemployment insurance -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496330

Hidden Bibliographic Details
Other authors / contributors:	Ligthart, Johanna Elisabeth, author. International Monetary Fund. Fiscal Affairs Department, issuing body.
ISBN:	1451890761 9781451890761 146236019X 9781462360192 1452791678 9781452791678 1281603864 9781281603869 9786613784551 6613784559 9781451842586 1451842589
ISSN:	2227-8885
Notes:	Includes bibliographical references (pages 18-19). Restrictions unspecified Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	The paper studies the employment effects of a deposit-refund scheme on labor in a simple search-theoretic model of the labor market. It is shown that if a firm pays a deposit to the government when it fires a worker, to be refunded when it employs the same or another worker, the vacancy rate increases and the unemployment rate declines. However, the scheme introduces rigidities in the labor market that may be undesirable in countries wanting to liberalize their labor markets.
Other form:	Print version: Heijdra, Ben J. Deposit-refund on labor. [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Dept., ©2000
Standard no.:	10.5089/9781451890761.001

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