This paper develops a general equilibrium model with safe and risky jobs where unemployment is concentrated in a highly … productive but volatile sector. Frictional unemployment arises in the process of job creation, firing and retraining for … subsidy to re-employed workers; (iii) unemployment insurance benefits; (iv) job protection to contain firing; and (v) active …

-skilled workers. The stylized facts are that profits are concentrated among the high-skilled, involuntary unemployment is mostly among … the low-skilled, and private unemployment insurance is missing. This paper analyzes the effectiveness of redistribution … results are: (i) Social insurance props up wages, leading to more outsourcing and unskilled unemployment. (ii) Redistribution …

In comparing the impact of corporate taxation and social insurance on foreign direct investment (FDI) and unemployment … unemployment rate and the excess burden of labor taxes. Unemployment partly reflects the country's exposure to globalization; (ii …) corporate taxation and social insurance can have equivalent effects on unemployment and outbound FDI; (iii) while an increase in …

unemployment. Four main results are derived: (i) the optimal size of the welfare state depends on the degree of risk-aversion and … the unemployment rate as a measure of labor income risk. The unemployment rate partly reflects the country's exposure to … globalization; (ii) corporate taxation and social insurance have equivalent effects on unemployment and outbound FDI; (iii) while an …

This paper explores how extended unemployment insurance (UI) benefits targeted to older workers affect early retirement …