Imperfect Monitoring of Job Search: Structural Estimation and Policy Design
构建并估计了一个非平稳结构求职模型,纳入失业保险中求职监督方案的主要特征,并承认搜索努力和要求被不完美测量。基于比利时数据发现监督对搜索行为影响微弱,模拟显示改进设计特征可增强效果。
We build and estimate a nonstationary structural job search model that incorporates the main stylized features of a typical job search monitoring scheme in unemployment insurance (UI) and acknowledges that search effort and requirements are measured imperfectly. On the basis of Belgian data, monitoring is found to affect search behavior only weakly because assessments were scheduled late and infrequently, the monitoring technology was not sufficiently precise, and lenient Belgian UI results in caseloads that are less responsive to incentives than elsewhere. Simulations show how changing the aforementioned design features can enhance effectiveness and that precise monitoring is key in this.