countries, the social security system insures firms against their workers’ sickness absences. However, this insurance may create … change that took place in Austria in 2000. In September 2000, an insurance fund that refunded firms for the costs of their …

of differing probabilities of success, and ex post unequal, because the income tax trades o¤ incentives and insurance … weight of the talented types is sufficiently high. The second-best optimal graduate tax provides incomplete insurance because …

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. …