Fabre, Alice; Pallage, Stéphane; Zimmermann, Christian - Centre Interuniversitaire sur le Risque, les Politiques … - 2014
In this paper we compare the welfare effects of unemployment insurance (UI) with an universal basic income (UBI) system in an economy with idiosyncratic shocks to employment. Both policies provide a safety net in the face of idiosyncratic shocks. While the unemployment insurance program should...
