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discontinuities in eligibility for severance pay and extended unemployment insurance (UI) benefits in Austria. Analyzing data for over …
Persistent link: https://www.econbiz.de/10012466022
This paper examines how unemployment affects retirement and whether the Unemployment Insurance (UI) system and Social … consistent evidence of an effect. This suggests that in some ways SS may serve as a more effective form of unemployment insurance …
Persistent link: https://www.econbiz.de/10012466103
There is a broad consensus among US opinion leaders that our economic problem is largely one of failures of international competition -- that trade deficits have eroded our manufacturing base, that inability to sell on world markets has been a major drag on economic growth, and that imports from...
Persistent link: https://www.econbiz.de/10012474468
While there has been considerable discussion of the adequacy of unemployment insurance (UI) benefits as a form of … income replacement, there is little evidence on the other resources that the unemployed have to finance their unemployment … financial assets sufficient to finance roughly two-thirds of the income loss from an unemployment spell, but that there is …
Persistent link: https://www.econbiz.de/10012471436
consumption across states and times. Compared to the first best, there will be too little search. Optimal unemployment programs … welfare and may even increase GDP. Our analytical results suggest that welfare is higher if the unemployment benefits program … includes income-contingent unemployment loans (ICL), where the amount repaid depends on the individual's future income. Such …
Persistent link: https://www.econbiz.de/10012616645
I study unemployment insurance (UI) in general equilibrium with incomplete markets, search frictions, and nominal … and employment unless monetary policy raises the nominal interest rate. In an analysis of the U.S. economy over 2008 …-2014, UI benefit extensions had a contemporaneous output multiplier around 1 or higher. The unemployment rate would have been …
Persistent link: https://www.econbiz.de/10012696414
Before 1979, unemployment insurance (UI) benefits were not treated as taxable income in the United States. Several … has had the predicted effect of reducing unemployment duration.The study uses data on a sample of persons that filed for … presents persuasive evidence of a tax effect on unemployment duration. The 1979 policy change is estimated to have reduced …
Persistent link: https://www.econbiz.de/10012477837
response to demand and productivity shifts. Unemployment is sustained because the marginal value of labor is not equated across … transactions cost-mobility constraints. Contracts provide full unemployment insurance for risks that are diversifiable by pooling … atheory of consumption rigidity rather than wage rigidity. Another empirical implication is that unemployment incidence is …
Persistent link: https://www.econbiz.de/10012478007
the effects of unemployment insurance on measured and actual employment, unemployment and non-participation. The data are … effect of UI on unemployment duration and temporary layoffs. The results are rather inconclusive, but suggest the importance …
Persistent link: https://www.econbiz.de/10012478188
Unemployment Compensation, and the likely impacts of that Commission and economists' research findings on policy. Using a … effects of unemployment insurance, with the degree of recognition proportional to the strength of the consensus among …
Persistent link: https://www.econbiz.de/10012478344