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the labor market. We show that equilibrium entails wage dispersion among equally productive risk-averse workers. Marital … receive higher wages than employed singles. The model is applied to a welfare analysis of alternative unemployment insurance …
Persistent link: https://www.econbiz.de/10008596606
public unemployment insurance program requiring a significant premium payment. A safety net program--a less generous, means …, including adverse selection across risk classes and a substantial charity hazard (low coverage among those with generous …
Persistent link: https://www.econbiz.de/10011155371
programme when they take into account that workfare is a condition for remaining eligible for unemployment benefits. This … outside option becomes less attractive. Introduction of workfare policies into an unemployment insurance scheme is shown to … contribute to a reduction in both open and total unemployment. It is also shown that the direct search effects of workfare …
Persistent link: https://www.econbiz.de/10005406005
show that roughly 50% of the observed raw differential in individual dismissal rates can be explained by the estimated …
Persistent link: https://www.econbiz.de/10008671688
program that extended unemployment benefits drastically for a subset of workers in selected regions of Austria. We use non … unemployment duration and probability of long term unemployment decrease. These effects are the largest when the program intensity …
Persistent link: https://www.econbiz.de/10010877895
We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … incentive to save and fewer private resources are used for consumption smoothing during unemployment. Our results show that in a … time-discount factors. We conclude that the current U.S. unemployment insurance system is approximately optimal. …
Persistent link: https://www.econbiz.de/10010877939
transitory wages and characterise flexicurity using membership of unemployment insurance funds. We find that flexicurity is … selection into unemployment insurance membership, robustness checks suggest that moral hazard is the relevant interpretation. …
Persistent link: https://www.econbiz.de/10009293487
in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance … high unemployment, low geographical mobility and high unemployment insurance, and one “American” steadystate featuring low … unemployment, high mobility and low unemployment insurance. …
Persistent link: https://www.econbiz.de/10005765660
In Belgium unemployment insurance benefits can only exhaust for one category of workers: partners of workers with … (replacement) labour income (mostly women) may loose their entitlement after an unemployment duration ranging from two to eight …
Persistent link: https://www.econbiz.de/10005765928
This paper explores how the introduction of an experience rated system of unemployment insurance affects employment and … welfare in a model where implicit contracts between firms and workers give rise to wage rigidities and unemployment. In the … literature, it has been argued that experience rated systems of unemployment insurance may reduce long term employment as firms …
Persistent link: https://www.econbiz.de/10005766210