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Benefit Duration, Job Search Behavior and Re-Employment
Lichter, Andreas - 2020
This paper studies how the potential duration of unemployment benefits affects individuals' job search behavior and re …-employment outcomes. We exploit an unexpected reform of the German unemployment insurance scheme in 2008, which increased the potential … benefit duration from 12 to 15 months for recipients of age 50 to 54. Based on detailed survey data and difference …
Persistent link: https://www.econbiz.de/10012837674
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Cash-on-Hand and the duration of job search: Quasi-experimental evidence from Norway
Basten, Christoph; Fagereng, Andreas; Telle, Kjetil - 2012
We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a …. Finding liquidity constraints in Norway, despite its equitable wealth distribution and generous welfare state, means they are …
Persistent link: https://www.econbiz.de/10010283587
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How do extended benefits affect unemployment duration?: A regression discontinuity approach
Lalive, Rafael - 2006
This paper studies a program that extends the maximum duration of unemployment benefits from 30 weeks to 209 weeks … regions to identify the effect of extended benefits on unemployment duration. Results indicate that the duration of job search … is prolonged by at least .09 weeks per additional week of benefits among men, whereas unemployment duration increases by …
Persistent link: https://www.econbiz.de/10010263951
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Unemployment and endogenous reallocation over the business cycle
Carrillo-Tudela, Carlos; Visschers, Ludo - 2013
negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a …
Persistent link: https://www.econbiz.de/10010291522
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Banking regulation and prompt corrective action
Freixas, Xavier; Parigi, Bruno Maria - 2007
We explore the rationale for regulatory rules that prohibit banks from developing some of their natural activities when their capital level is low, as epitomized by the US Prompt Corrective Action (PCA). This paper is built on two insights. First, in a moral hazard setting, capital requirement...
Persistent link: https://www.econbiz.de/10010264241
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A continuous theory of income insurance
Lindbeck, Assar; Persson, Mats - 2010
In this paper we treat an individual's health as a continuous variable, in contrast to the traditional literature on income insurance, where it is regularly treated as a binary variable. This is not a minor technical matter; in fact, a continuous treatment of an individual's health sheds new...
Persistent link: https://www.econbiz.de/10010270506
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How to deal with covert child labour, and give children an effective education, in a poor developing country: An optimal taxation problem with moral hazard
Cigno, Alessandro - 2010
Given that credit and insurance markets are imperfect, and given also that intra-household transfers, and much of the work a child does, are private information, the second-best policy uses a combination of need and merit based education awards, together with a mix of taxes on parental income,...
Persistent link: https://www.econbiz.de/10010270527
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Pension benefit insurance and pension plan portfolio choice
Crossley, Thomas F.; Jametti, Mario - 2008
Pension benefit guarantee policies have been introduced in several countries to protect private pension plan members from the loss of income that would occur if a plan was underfunded when the sponsoring firm terminates a plan. Most of these public insurance schemes face financial difficulty and...
Persistent link: https://www.econbiz.de/10010272309
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Incentive contracts and efficient unemployment benefits
Demougin, Dominique M.; Helm, Carsten - 2009
Several European countries have reformed their labor market institutions. Incentive effects of unemployment benefits … have been an important aspect of these reforms. We analyze this issue in a principal-agent model, focusing on unemployment … levels and labor productivity. In our model, a higher level of unemployment benefits improves the works position in wage …
Persistent link: https://www.econbiz.de/10010273802
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Job security and work absence : evidence from a natural experiment
Lindbeck, Assar; Palme, Mårten; Persson, Mats - 2006
We analyze the consequences for sickness absence of a selective softening of job security legislation for small firms in Sweden in 2001. According to our differences-in-difference estimates, aggregate absence in these firms fell by 0.2-0.3 days per year. This aggregate net figure hides important...
Persistent link: https://www.econbiz.de/10010276135