A common finding of the optimal unemployment insurance literature is that the optimal UI replacement rate is around 50 … unemployment benefits are the only government spending activity. In this paper I show that recommendations for optimal UI levels …

that the introduction of an unemployment insurance program and/or a universal basic income system help eliminate child …

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 …

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 …

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 …

. In a fi…rst-best allocation of resources, unemployment benefi…ts should provide perfect insurance against the … unemployment risk, layoff taxes are necessary to induce employers to internalize the cost of dismissing an employee but should not … approximately equal to zero. I obtain an optimal rate of unemployment which is, in general, different from the output maximizing …