TY  - RPRT
        AU  - Cahuc, Pierre
AU  - Barbanchon, Thomas Le
        TI  - Labor Market Policy Evaluation in Equilibrium: Some Lessons of the Job Search and Matching Model
        PY  - 2008/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3687
        UR  - https://www.iza.org/index.php/publications/dp3687
        AB  - We analyze the consequences of counseling provided to job seekers in a standard job search and matching model. It turns out that neglecting equilibrium effects induced by counseling can lead to wrong conclusions. In particular, counseling can increase steady state unemployment although counseled job seekers exit unemployment at a higher rate than the non-counseled. Dynamic analysis shows that permanent and transitory policies can have effects of opposite sign on unemployment.
        KW  - equilibrium effect
KW  - labor market policy
KW  - evaluation
        ER  -