. When people retire, they could use their remaining UA balances to top up their pensions. Under the unemployment benefit …We explore the implications of replacing current unemployment benefit (UB) systems by unemployment accounts (UA). Under … the UA system, employed people would be required to make ongoing contributions to their unemployment accounts, and the …

This paper deals with two policy approaches to address the problem of the "pensions time bomb" by influencing private …-sector pension provision. In assessing the role of private-sector pensions, it is common to concentrate exclusively on the issue of … since private-sector pension arrangements have significant implications for governments' finances. When private pensions …

to intergenerational conflict. Let people with rights to public pensions have the option of using a portion of their … potential pensions to provide employment vouchers for employers that hire them. The policy is entirely voluntary; only those … to draw their public pensions and the employers have the right not to employ them. In effect, the policy involves taking …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …

costs influence insider wages and outsiders’ opportunities and how these costs affect employment and unemployment. We also … address the more complex, and open, question of how employment and unemployment move through time, in response to labor market …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as ‘ ‘ chain reactions’’ of responses to labor market shocks, working their way through systems of … construct aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting …