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Social Insurance and Transition

We study the general equilibrium effects of social insurance on the transition in a model in which the process of moving workers from matches in the state sector to new matches in the private sector takes time and involves uncertainty. We find that adding social insurance may slow transition. When there are incentive problems in this rematching process, the optimal social insurance scheme may involve forced layoffs and involuntary unemployment.
Year of publication:
1993-07
Authors: Atkeson, Andrew ; Kehoe, Patrick J.
Institutions: National Bureau of Economic Research (NBER)
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application/pdf
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Type of publication: Book / Working Paper
Notes:
EFG published as International Economic Review. May 1996, vol. 37, no. 2. Number 4411
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Persistent link: https://www.econbiz.de/10005829481
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