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Is There Always a Trade-Off between Insurance and Incentives? The Case of Unemployment with Subsistence Constraints

Mesén Vargas, Juliana - 2018

This article analyzes the behavioral effects of unemployment benefits (UB) and it characterizes their optimal level … decrease the duration in unemployment. Extensive numerical simulations indicate that the relationship between the level of the …

Persistent link: https://www.econbiz.de/10012915499

Estimating Incentive and Welfare Effects of Non-Stationary Unemployment Benefits

Launov, Andrey - 2010

The distribution of unemployment duration in our equilibrium matching model with spell-dependent unemployment benefits … aggregate unemployment rate. Structural estimation using a German micro-data set (SOEP) allows us to discuss the effects of a … recent unemployment benefit reform (Hartz IV). The reform reduced unemployment by only 0.3%. Contrary to general beliefs, we …

Persistent link: https://www.econbiz.de/10013142487

Habit Formation and Labor Supply

Cremer, Helmuth - 2008

This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to 'unretire', i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...

Persistent link: https://www.econbiz.de/10012771200

General Education, Vocational Education, and Labor-Market Outcomes Over the Life-Cycle

Hanushek, Eric A. - 2011

Policy debates about the balance of vocational and general education programs focus on the school-to-work transition. But with rapid technological change, gains in youth employment from vocational education may be offset by less adaptability and thus diminished employment later in life. To test...

Persistent link: https://www.econbiz.de/10013119232

Premature Deaths, Accidental Bequests and Fairness

Fleurbaey, Marc - 2018

While little agreement exists regarding the taxation of bequests in general, there is a widely held view that accidental bequests should be subject to a confiscatory tax. We propose to reexamine the optimal taxation of accidental bequests in an economy where individuals care about what they...

Persistent link: https://www.econbiz.de/10012927516

Private Investment in Higher Education : Comparing Alternative Funding Schemes

Eckwert, Bernhard - 2012

This paper uses an overlapping generations framework to analyze the implications of different financing regimes in the education sector for human capital formation and economic welfare. Agents privately invest in education after they have received a noisy information signal about their...

Persistent link: https://www.econbiz.de/10012755055

Subsidizing Health-Conscious Behavior Now or Later

Danilowicz-Gösele, Kamila; Schwager, Robert - 2021

In a model where consumers have quasi-hyperbolic preferences, we compare immediate subsidies paid for health-conscious consumption and future subsidies rewarding good health outcome. We characterize the subsidy rates which implement the unbiased choice. These rates differ because of two...

Persistent link: https://www.econbiz.de/10013315510

The Political Economy of Intergenerational Cooperation

Cigno, Alessandro - 2021

The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the...

Persistent link: https://www.econbiz.de/10013318048

Private Investment in Higher Education: Comparing Alternative Funding Schemes

Eckwert, Bernhard; Zilcha, Itzhak - CESifo - 2008

Persistent link: https://www.econbiz.de/10005405995

Student Loans : When is Risk Sharing Desirable?

Eckwert, Bernhard - 2016

In higher education, pure credit market funding leads to underinvestment due to insufficient risk pooling, while pure income-contingent loan funding leads to overinvestment. We analyze whether funding diversity – a market structure in which credit markets coexist alongside income-contingent...

Persistent link: https://www.econbiz.de/10012997605

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