General Equilibrium Effects of Unemployment Compensation with Labor Force Participation
构建包含搜寻与匹配的总体模型，分析失业保险补偿如何影响劳动力规模、工资和就业，发现补偿提高失业率但可能使企业受益，而就业者受损。
This article examines the effects of unemployment compensation when the size of the labor force depends on unemployment benefits. The analysis is based on an aggregate model with search and matching in which unemployment compensation affects the wage determination process and the number of jobs and workers. As with partial equilibrium models, unemployment compensation raises the unemployment rate and the ratio of unemployed to vacancies. However, wages may go up or down and firms may be better-off. Generally, employed workers are worse-off. Unemployment compensation transfers income from employed factors to unemployed factors, leading to greater input levels. Copyright 1995 by University of Chicago Press.