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 … model for the high unemployment countries of Europe. Our results suggest that this policy reform would significantly change …

reduction in fertility is not due to the income loss generated by unemployment but arises because displaced workers undergo a …

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …

an individual employer-worker match is allowed, the impact of severance payments on unemployment duration and incidence …

market performance. We find that developments in wage setting institutions and in unemployment insurance inhibited a return …

We argue that US welfare would rise if unemployment insurance were increased for younger and decreased for older … workers. This is because the young tend to lack the means to smooth consumption during unemployment and want jobs to … accumulate high-return human capital. So unemployment insurance is most valuable to them, while moral hazard is mild. By …

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

-linear income taxation in the presence of quasi-linear preferences in leisure by allowing for in-voluntary unemployment, job search …

. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies … with calibrated parameters which only differ by the degree of unemployment insurance and assume that they are hit by a …

labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary … effects on unemployment; and thus (b) that policies aimed at reforming these institutions are also complementary. These policy …) is unlikely to achieve significant reductions in unemployment. Rather, labour market reform becomes particularly …