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Should Unemployment Insurance be Asset-Tested
Koehne, Sebastian; Kuhn, Moritz - CESifo - 2013
We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state … time-discount factors. We conclude that the current U.S. unemployment insurance system is approximately optimal. …
Persistent link: https://www.econbiz.de/10010877939
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Political Institutions and Income (Re-)Distribution: Evidence from Developed Economies
Feld, Lars P.; Schnellenbach, Jan - CESifo - 2013
We discuss the effect of formal political institutions (electoral systems, fiscal decentralization, presidential and parliamentary regimes) on the extent and direction of income (re-) distribution. Empirical evidence is presented for a large sample of 70 economies and a panel of 13 OECD...
Persistent link: https://www.econbiz.de/10010877914
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Flexicurity in Belgium. A Proposal Based on Economic Principles
Cockx, Bart; Linden, Bruno Van der - CESifo - 2009
The current unemployment insurance and employment protection legislation were set up in an environment in which …
Persistent link: https://www.econbiz.de/10004979397
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Life in Shackles? The Quantitative Implications of Reforming the Educational Loan System
Heijdra, Ben J.; Kindermann, Fabian; Reijnders, Laurie S. M. - CESifo - 2014
In this paper we conduct a quantitative analysis of a number of stylized educational loan systems. We develop a stochastic general equilibrium model of a closed economy with a competitive firm sector and a government that levies taxes and administers educational loans. Individuals are...
Persistent link: https://www.econbiz.de/10010948864
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Matching and Saving in Continuous Time: Theory
Bayer, Christian; Wälde, Klaus - CESifo - 2010
We analyse optimal saving of risk-averse households when labour income stochastically jumps between two states. The generalized Keynes-Ramsey rule includes a precautionary savings term. A phase diagram analysis illustrates consumption and wealth dynamics within and between states. There is an...
Persistent link: https://www.econbiz.de/10008534003
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Business Cycles, Unemployment Insurance, and the Calibration of Matching Models
Costain, James S.; Reiter, Michael - CESifo - 2003
This paper points out an empirical failing of real business cycle models in which unemployment is endogenized through a matching function. One can easily choose a calibration to make the cyclical fluctuation in unemployment as large in the model as it is in the data, or to make the response of...
Persistent link: https://www.econbiz.de/10005196193
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Universal Basic Income versus Unemployment Insurance
Fabre, Alice; Pallage, Stéphane; Zimmermann, Christian - CESifo - 2014
In this paper we compare the welfare effects of unemployment insurance (UI) with an universal basic income (UBI) system … shocks. While the unemployment insurance program should do a better job at protecting the unemployed, it suffers from moral … for insurance purposes because it is better targeted towards those in need. …
Persistent link: https://www.econbiz.de/10011096356
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Outside Earnings, Absence, and Activity: Evidence from Germany Parliamentarians
Arnold, Felix; Kauder, Björn; Potrafke, Niklas - CESifo - 2014
We examine moonlighting by politicians in Germany. In July 2007, the German Supreme Court adjudicated that members of parliament (MPs) have to publish details of their outside earnings. Using panel data models, we investigate how outside earnings are correlated with absence and parliamentary...
Persistent link: https://www.econbiz.de/10010877714
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Rainy Day Politics - An Instrumental Variables Approach to the Effect of Parties on Political Outcomes
Lind, Jo Thori - CESifo - 2014
Rain affects electoral turnout both through a direct effect on the cost of voting and by changing the opportunity cost. In a panel of Norwegian municipalities I find that rain on Election Day increases turnout. As turnout affects electoral outcomes, rain provides an exogeneous source of...
Persistent link: https://www.econbiz.de/10010877735
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Size and Development of Tax Evasion in 38 OECD Countries: What do we (not) know?
Bühn, Andreas; Schneider, Friedrich - CESifo - 2012
For the first time we develop a time series of tax evasion (in % of official GDP) for 38 OECD countries over the period 1999 to 2010 based on MIMIC model estimations of the shadow economy. Considering indirect taxation and self-employment as the driving forces of tax evasion, we observe a...
Persistent link: https://www.econbiz.de/10010877780