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Should unemployment insurance be asset-tested

Koehne, Sebastian; Kuhn, Moritz - 2013

We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state contingent transfers to agents most in need. On the...

Persistent link: https://www.econbiz.de/10009765509

Should UI benefits really fall over time?

Hassler, John; Rodríguez Mora, José Vicente - 2002

analytically tractable model allowing moral hazard, adverse selection and hidden savings. Analytical results show that when the …. The only exception is when there is moral hazard and no hidden savings. In general, adverse selection problems calls for …

Persistent link: https://www.econbiz.de/10011513998

Universal basic income versus unemployment insurance

Fabre, Alice; Pallage, Stéphane J.; Zimmermann, Christian - 2014

equilibrium model with savings calibrated to the United States for 1990 and 2011, and provide results that show that UI beats UBI …

Persistent link: https://www.econbiz.de/10010459671

Job search, unemployment protection and informal work in advanced economies

Long, Iain W.; Polito, Vito - 2017

This paper investigates the incentives that may induce workers to supplement income from unemployment benefits by engaging in temporary informal work. Using a dynamic model of job-search with moral hazard that incorporates a stylised schedule of benefit payments, we describe how informal sector...

Persistent link: https://www.econbiz.de/10011761509

Incentive contracts and efficient unemployment benefits

Demougin, Dominique; 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...

Persistent link: https://www.econbiz.de/10003850266

Flexicurity, wage dynamics and inequality over the life-cycle

Bingley, Paul; Cappellari, Lorenzo; … - 2011

We investigate the relationship between life-cycle wages and flexicurity in Denmark. We separate permanent from transitory wages and characterise flexicurity using membership of unemployment insurance funds. We find that flexicurity is associated with lower wage growth heterogeneity over the...

Persistent link: https://www.econbiz.de/10009273938

Buffer-stock saving and households' response to income shocks

Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 2016

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information contained in the joint dynamics of income,...

Persistent link: https://www.econbiz.de/10011551036

Savings externalities and wealth inequality

Angelopulos, Kōnstantinos; Lazarakis, Spyridon; … - 2019

Incomplete markets models imply heterogeneous household savings behaviour which in turn generates pecuniary … in the population, these savings externalities may contribute to inequality. Working with an open economy heterogenous … earnings processes of British households with university and non-university educated heads entail savings externalities that …

Persistent link: https://www.econbiz.de/10012001856

Should unemployment benefits be related to previous earnings?

Heer, Burkhard - 2002

more savings than to supply additional work in order to insure against the loss of employment. …

Persistent link: https://www.econbiz.de/10011410421

Employment and welfare effects of a two-tier unemployment compensation system

Heer, Burkhard - 2000

unemployment insurance and unemployment assistance. ii) Savings are (not) a monotone increasing function of unemployment insurance …

Persistent link: https://www.econbiz.de/10009781574

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