The proposal involves the establishment of ?welfare accounts? for every person in a country. There are to be four … of the current welfare state systems - where welfare services are financed predominantly out of general taxes - people … would make ongoing, mandatory contributions to each of these welfare accounts. The balances in these accounts would cover …

above a certain amount. This means that for some persons living on welfare the economic incentives to look for employment … are rather weak. This working paper discusses different methods of determining welfare payments to welfare recipients who …

workers have the same probability of being hired. We argue that selective hiring crucially affects welfare analysis. Our model … predictions of the model change very little, but the welfare costs of unemployment are much larger because unemployment risk is … distributed unequally across workers. As a result, optimal unemployment insurance may be higher and welfare is lower if hiring is …

-run output effects of the different consolidation strategies, but also regarding the welfare effects and the distributional … of credit-constrained households who cannot smooth consumption has a large impact on the overall output and welfare …