: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital … account (covering education and training), and a health account (covering insurance against sickness and disability). Unlike … reducing unemployment, encouraging labour force participation, promoting skills, reducing governments’ budgetary pressures …

The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the … disappointingly small effect of many past reform measures on unemployment; and the political difficulties in implementing more … implement broad-based reform strategies. Our analysis suggests that major unemployment policies are characterized by economic …

influencing the size of the loss in the event of accident (or ill health). Social insurance can be supplemented by private …

voting, where agents vote over income redistribution. The key feature of the theory is that the future constituency of … redistributive policies depends positively on the current level of redistribution, since this affects both private investments and …

We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment … balances in these accounts are available to them during periods of unemployment. The government is able to undertake balanced … their UAs into their pensions. We present an analytical framework to analyse the incentive effects of UAs and calibrate our …

If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and … reduction reduces statis inefficiency. On the other hand, standard redistribution also reduces the level of R&D because it … that standard redistribution always dominates limitations to IPRs. …

redistribution results in more post-tax inequality. In general, optimal taxation will either imply that the redistribution paradox is …

the low-skilled, and private unemployment insurance is missing. This paper analyzes the effectiveness of redistribution …-skilled workers. The stylized facts are that profits are concentrated among the high-skilled, involuntary unemployment is mostly among …