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 …

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 …

This paper uses U.S. micro level data on employment durations to quantify the effect of potential Unemployment …

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 …

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 …

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 …

equities, we examine equilibrium unemployment. While a mechanism of an efficiency wage brings about nominal wage rigidity …, unemployment occurring in our model definitely has Keynesian features. For instance, a reduction in wages rather enhances … unemployment through a decrease in consumption. In addition, our paper shows a possibility of Pareto improvement through an …

unemployment persistence. …

In this paper, we focus on and examine the empirical evidence of non- linearity in aggregate Canadian unemployment … reject the null hypothesis of a linear structure for Canadian unemployment. …