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Aspects of Optimal Unemployment Insurance : Search, Leisure and Capital Market Imperfections
Flemming, J. S. - 1977
The object of this paper is to examine the importance of capital market assumptions. A special continuous-time model is developed in sections II-IV which is applicable to the perfect capital market case. It can also be used when there is no capital market at all (section IV). For 'reasonable'...
Persistent link: https://www.econbiz.de/10012478922
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Labor Market Institutions, Wages, and Investment
Pischke, Jorn-Steffen - 2004
Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...
Persistent link: https://www.econbiz.de/10012467955
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Job Search, Unemployment Insurance, and Active Labor Market Policies
Le Barbanchon, Thomas; Schmieder, Johannes; Weber, Andrea - National Bureau of Economic Research - 2024
understand job search among the unemployed and how job search is shaped by unemployment insurance (UI) and active labor market …
Persistent link: https://www.econbiz.de/10014635683
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How Much Consumption Insurance Beyond Self-Insurance?
Kaplan, Greg - 2009
, the age profile of the insurance coefficient is sharply increasing, whereas BPP find no clear age slope in their estimate … estimator of the true insurance coefficient has, in general, a downward bias that grows as borrowing limits become tighter …
Persistent link: https://www.econbiz.de/10012463096
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Quantitative Macroeconomics with Heterogeneous Households
Heathcote, Jonathan - 2009
channels of insurance? Third, how does idiosyncratic risk interact with aggregate risk? …
Persistent link: https://www.econbiz.de/10012463879
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Money in a Heterogeneous Agent Model
Farmer, Roger E. A. - National Bureau of Economic Research - 2024
I introduce money into an incomplete markets model with heterogeneous agents and uninsurable income risk. I show that the model exhibits both non-monetary and monetary equilibria, with the latter existing when income risk is sufficiently high. Using numerical methods, I characterize the...
Persistent link: https://www.econbiz.de/10015056162
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Unemployment and Insurance
Rosen, Sherwin - 1983
transactions cost-mobility constraints. Contracts provide full unemployment insurance for risks that are diversifiable by pooling … among firms. Nondiversifiable (macro) risks are only partially shifted,largely through self-insurance (contingency saving … value because it reduces lifetime consumption. The main empirical implication of contract theory is shown to be closely …
Persistent link: https://www.econbiz.de/10012478007
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Sticky Wages on the Layoff Margin
Davis, Steven J.; Krolikowski, Pawel - National Bureau of Economic Research - 2023
We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage …
Persistent link: https://www.econbiz.de/10014337762
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How to Fund Unemployment Insurance with Informality and False Claims : Evidence From Senegal
Ndiaye, Abdoulaye; Herkenhoff, Kyle; Cisse, Abdoulaye; … - National Bureau of Economic Research - 2023
This paper studies the welfare effects of unemployment insurance (UI) in low-income countries characterized by high …
Persistent link: https://www.econbiz.de/10014337804
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When Institutions Interact : How the Effects of Unemployment Insurance are Shaped by Retirement Policies
Gudgeon, Matthew; Guzman, Pablo; Schmieder, Johannes; … - National Bureau of Economic Research - 2023
This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in …
Persistent link: https://www.econbiz.de/10014421233