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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
a first-order way on the structure of retirement policies. Using German data, we first present reduced-form evidence of … with retirement policies. Accounting for interactions across UI and retirement institutions also helps explain otherwise …
Persistent link: https://www.econbiz.de/10014421233
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Bringing Them In or Pushing Them Out? The Labor Market Effects of Pro-cyclical Unemployment Assistance Changes
Domènech-Arumí, Gerard; Vannutelli, Silvia - National Bureau of Economic Research - 2022
is crucial when designing long-term benefit schedules affecting workers close to retirement …
Persistent link: https://www.econbiz.de/10013334518
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Wage Insurance for Displaced Workers
Hyman, Benjamin G.; Kovak, Brian K.; Leive, Adam - National Bureau of Economic Research - 2024
Wage insurance provides income support to displaced workers who find reemployment at a lower wage. We analyze wage insurance in the context of the U.S. Trade Adjustment Assistance (TAA) program by merging linked employer-employee Census data to TAA petitions and leveraging a discontinuity in...
Persistent link: https://www.econbiz.de/10014544742
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Unemployment Insurance, Starting Salaries, and Jobs
Dahl, Gordon B.; Knepper, Matthew M. - National Bureau of Economic Research - 2022
We study the labor market effects of permanent 23-50% reductions in unemployment insurance benefits available in seven states. Leveraging linked firm-establishment data, we find that establishments based in reform states experience 1.5-2.4% faster employment growth relative to the same firm's...
Persistent link: https://www.econbiz.de/10013334371
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The Costs of Job Displacement over the Business Cycle and Its Sources : Evidence from Germany
Schmieder, Johannes; Wachter, Till von; Heining, Jörg - National Bureau of Economic Research - 2022
We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses...
Persistent link: https://www.econbiz.de/10013334381
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Disemployment Effects of Unemployment Insurance : A Meta-Analysis
Cohen, Jonathan P.; Ganong, Peter - National Bureau of Economic Research - 2024
We systematically review studies of how unemployment benefits affect unemployment duration. Statistically significant findings are eleven times more likely to be published. Correcting for publication bias halves the average elasticity. Meta-analysis provides a principled way for sufficient...
Persistent link: https://www.econbiz.de/10015056158
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Health Status, Disability and Retirement Incentives in Belgium
Jousten, Alain - 2014
Many Belgian retire well before the statutory retirement age. Numerous exit routes from the labor force can be … identified: old-age pensions, conventional early retirement, disability insurance, and unemployment insurance are the most … prominent ones. We analyze the retirement decision of Belgian workers adopting an option value framework, and pay special …
Persistent link: https://www.econbiz.de/10012458629
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Moral Hazard vs. Liquidity and Optimal Unemployment Insurance
Chetty, Raj - 2008
This paper presents new evidence on why unemployment insurance (UI) benefits affect search behavior and develops a simple method of calculating the welfare gains from UI using this evidence. I show that 60 percent of the increase in unemployment durations caused by UI benefits is due to a...
Persistent link: https://www.econbiz.de/10012464682
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Should Unemployment Insurance Vary With the Unemployment Rate? Theory and Evidence
Kroft, Kory - 2011
We study how the level of unemployment insurance (UI) benefits that trades off the consumption smoothing benefit with the moral hazard cost of distorting job search behavior varies over the business cycle. Empirically, we find that the moral hazard cost is procyclical, greater when the...
Persistent link: https://www.econbiz.de/10012461484
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Why do Unemployment Benefits Raise Unemployment Durations? Moral Hazard vs. Liquidity
Chetty, Raj - 2005
It is well known that unemployment benefits raise unemployment durations. This result has traditionally been interpreted as a substitution effect caused by a distortion in the price of leisure relative to consumption, leading to moral hazard. This paper questions this interpretation by showing...
Persistent link: https://www.econbiz.de/10012466911