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implications of three different fiscal regimes for capital accumulation and aggregate national welfare. Full centralization of … is similar across regions. When regional differences exist but are not too large, the partial centralization regime is …
Persistent link: https://www.econbiz.de/10003451831
Persistent link: https://www.econbiz.de/10001245145
a fruitful interplay between search theory and empirical work. This research has established that UI matters for labor …
Persistent link: https://www.econbiz.de/10010225828
This paper examines the impact of unemployment insurance (UI) on aggregate employment by exploiting cross-state variation in the maximum benefit duration during the Great Recession. Comparing adjacent counties located in neighboring states, we find no statistically significant impact of...
Persistent link: https://www.econbiz.de/10011595780
A key question in labor market research is how the unemployment insurance system affects unemployment rates and labor market dynamics. We revisit this old question studying the German Hartz reforms. On average, lower separation rates explain 76% of declining unemployment after the reform, a fact...
Persistent link: https://www.econbiz.de/10011951559
This paper studies the effects of the introduction of unemployment compensation (UC) in countries characterized by pervasive informality. We provide a simple framework to analyze the impact of UC on the allocation of workers between formal and informal activities, as well as the allocation of...
Persistent link: https://www.econbiz.de/10009717080
With the emergence of the Great Recession unemployment insurance (UI) is once again at the heart of the policy debate. In this paper, we review the recent theoretical and empirical evidence on the labor market effects of UI design. We also discuss policy issues related to UI design, including...
Persistent link: https://www.econbiz.de/10009656641
This paper analyzes the optimal response of the social insurance system to a rise in labor market risk. To this end, we develop a tractable macroeconomic model with risk-free physical capital, risky human capital (labor market risk) and unobservable effort choice affecting the distribution of...
Persistent link: https://www.econbiz.de/10011977744
fluctuations ; market imperfections ; externalities ; imperfect competition ; taxation …
Persistent link: https://www.econbiz.de/10009235089
-induced migration on state revenues, excess burden, and fiscal externalities. With modest migration elasticities, the costs of state … a variety of migration elasticity assumptions. Key outputs from the simulation include the impact of tax … state's citizens. At higher migration elasticities, the costs of state action can be tremendous. Overall excess burden is …
Persistent link: https://www.econbiz.de/10009581381