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Optimal social insurance and rising labor market risk
Krebs, Tom; Scheffel, Martin - 2019
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 … (human capital) risk increases social welfare if the government adjusts the tax-and-transfer system optimally. Finally, we …
Persistent link: https://www.econbiz.de/10011977744
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The hold-down problem and the boundaries of the firm : lessons from a hidden action model with endogenous outside option
Schnedler, Wendelin; Sunde, Uwe - 2002
arguments nor depends on ownership structure. We analyse a repeated hidden action model in which the actions of a risk neutral …
Persistent link: https://www.econbiz.de/10011410683
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Physician payment contracts in the presence of moral hazard and adverse selection : the theory and its application to Ontario
Kantarevic, Jasmin; Kralj, Boris - 2015
We develop a stylized principal-agent model with moral hazard and adverse selection to provide a unified framework for understanding some of the most salient features of the recent physician payment reform in Ontario and its impact on physician behavior. These features include: (1) physicians...
Persistent link: https://www.econbiz.de/10011288527
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Understanding severance pay
Parsons, Donald O. - 2013
Severance pay, a fixed-sum payment to workers at job separation, has been the focus of intense policy concern for the last several decades, but much of this concern is unearned. The design of the ideal separation package is outlined and severance pay emerges as a natural component of job...
Persistent link: https://www.econbiz.de/10010195446
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The simple analytics of job displacement insurance
Parsons, Donald O. - 2016
and in combination, introduce potentially serious contracting concerns. Economic theory provides a practical guide to the …
Persistent link: https://www.econbiz.de/10011455569
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Moral-hazard-free first-best unemployment insurance
Parsons, Donald O. - 2016
Unemployment insurance replacement rates world-wide are well below 100 percent, a fact often attributed to search moral hazard concerns. As Blanchard and Tirole (2008) have illustrated, however, neither search nor layoff moral hazard (firing cost) distortions need arise in first-best insurance...
Persistent link: https://www.econbiz.de/10011455570
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The role of sickness in the evaluation of job search assistance and sanctions
Berg, Gerard J. van den; Hofmann, Barbara; Uhlendorff, Arne - 2016
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
Persistent link: https://www.econbiz.de/10011449662
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Should UI benefits really fall over time?
Hassler, John; Rodríguez Mora, José Vicente - 2002
The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in a tractable model allowing moral hazard, adverse selection and hidden saving. Analytical results show that when the search productivity of unemployed is constant over the...
Persistent link: https://www.econbiz.de/10011414504
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Workers' moral hazard and insurer effort in disability insurance
Koning, Pierre; Lent, Max van - 2022
Disability Insurance (DI) may affect workers' outcomes such as their probability to enter DI, to recover, and their employment. Supplementary insurance may increase these moral hazard effects, but also increases the financial gains of private insurers to reduce benefit costs. With increased...
Persistent link: https://www.econbiz.de/10013170382
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Misappropriation of R&D Subsidies: estimating treatment effects with one-sided noncompliance
Boeing, Philipp; Peters, Bettina - 2021
In evaluating the effectiveness of R&D subsidies, the literature has focused on potential crowding out effects, while the possibility of misappropriation of public funds that results from moral hazard behavior has been completely neglected. This study develops a theoretical framework with which...
Persistent link: https://www.econbiz.de/10012698645