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reservation wage on unemployment duration. According to estimations there is no statistically significant effect of unemployment … unemployment benefit or social assistance increases the duration of the unemployment period, which indicates the lower offer …
Persistent link: https://www.econbiz.de/10005125743
I study the consequences of heterogeneity of skills for the design of an optimal unemployment insurance, using a … during unemployment due to depreciation of skills and increases on the job because of learning by doing. Any insurance … contract, periods of unemployment are characterised by declining benefits. Agents are further punished for long unemployment by …
Persistent link: https://www.econbiz.de/10005408328
The framework of a general equilibrium heterogeneous agent model is used to study the optimal design of an unemployment … insurance (UI) scheme and the voting behaviour on unemployment policy reforms. In a first step, the optimal defined benefit and …
Persistent link: https://www.econbiz.de/10005125042
Extended unemployment benefits programs in the US are triggered by the state insured unemployment rate while intrastate … extended unemployment benefits. Using a competing risk duration model, this paper measures the size of the entitlement effect … job hazard, the entitlement effect is stronger in low unemployment labor markets. This finding is robust across a number …
Persistent link: https://www.econbiz.de/10005125718
The system of Unemployment Insurance (UI) financing in the US draws its funds from a payroll tax on employers and … measures the effect of the UI financing system on the duration of unemployment. Using duration data is essential since tax … charges to the firm vary over the duration of unemployment spells. Empirical results based on data with various sources of …
Persistent link: https://www.econbiz.de/10005125768
This paper uses U.S. micro level data on employment durations to quantify the effect of potential Unemployment …
Persistent link: https://www.econbiz.de/10005125772
In this paper we study the implications of the unemployment insurance (UI) financing system on wage levels and … approach of wage and employment determination and assume that unemployment benefits are financed by employees’ UI contributions …
Persistent link: https://www.econbiz.de/10005126130
This paper analyses a model of private unemployment insurance under limited commitment and a model of public … unemployment insurance subject to moral hazard in an economy with a continuum of agents and an infinite time horizon. The dynamic … and steady-state properties of the private unemployment insurance scheme are established. The interaction between the …
Persistent link: https://www.econbiz.de/10005556941
I estimate a life cycle model of consumption choice with unemployment risk. Employed individuals face the risk of …. Following the loss of a job and during unemployment, an agent’s productivity declines. Using micro data, I estimate the … estimated model is used to perform policy simulations that highlight the relationship between the unemployment insurance scheme …
Persistent link: https://www.econbiz.de/10005119102
unemployment, undue instability, and excess debt. …
Persistent link: https://www.econbiz.de/10005076719