This paper studies the optimal unemployment insurance for older workers in a repeated principal-agent model, where the …). When unemployment benefits are the only available tool, the insurance agency is not able to induce older workers to search … dependent on the length of the unemployment spell. We show that this device performs better than a wage tax after re …

At the end of working life, as well as reducing unemployment benefits, the unemployment-insurance agency could apply …. Finally, even in the special case where search intensity is zero close to retirement, perfect risk-sharing across unemployment …

groups affected by the partial insurance against idiosyncratic risks? The design of unemployment insurance schemes in …