On the efficiency of participation with vertically differentiated workers |
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| Authors: | Fré dé ric Gavrel |
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| Affiliation: | CREM-CNRS, Department of Economics, University of Caen, 19 rue Claude Bloch, BP 5186, 14032 Caen Cedex, France |
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| Abstract: | In this journal Albrecht et al. (2010) assume that the planner problem is constrained by participation decisions. When this constraint is relaxed participation is too high whereas market tightness is too low. Subsidizing non-participants improves market efficiency and reduces unemployment. |
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| Keywords: | D8 J6 |
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