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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

The effect of statutory sick pay regulations on workers' health

Halla, Martin; Pech, Susanne; Zweimüller, Martina - 2015

Social insurance programs typically comprise sick leave insurance. An important policy parameter is how the cost of sick leave are shared between workers, firms, and the social security system. We show that this sharing rule affects not only absence behavior, but also workers' subsequent health....

Persistent link: https://www.econbiz.de/10010532515

Can compulsory dialogues nudge sick-listed workers back to work?

Markussen, Simen; Røed, Knut; Schreiner, Ragnhild C. - 2015

. They also reduce the risk of premature labour market exit. …

Persistent link: https://www.econbiz.de/10010532519

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

Dynamic contracts and learning by doing

Prat, Julien - 2014

This paper studies the design of optimal contracts in dynamic environments where agents learn by doing. We derive a condition under which contracts are fully incentive compatible. A closed-form solution is obtained when agents have CARA utility. It shows that human capital accumulation...

Persistent link: https://www.econbiz.de/10010246654

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

Working to get fired? : regression discontinuity effects of unemployment benefit eligibility on prior employment duration

Martins, Pedro S. - 2016

In most countries, the unemployed are entitled to unemployment benefits only if they have previously worked a minimum period of time. This institutional feature creates a sharp change at eligibility in the disutility from unemployment and may distort the duration of jobs. In this paper, we...

Persistent link: https://www.econbiz.de/10011543815

Cost-sharing and use of health services in Italy : evidence from a fuzzy regression discontinuity design

Ponzo, Michela; Scoppa, Vincenzo - 2016

We use a Regression Discontinuity Design (RDD) to evaluate the impact of cost-sharing on the use of health services. In the Italian health system, individuals reaching age 65 and earning low incomes are given total exemption from cost-sharing for health services consumption. Since the...

Persistent link: https://www.econbiz.de/10011453425

The simple analytics of job displacement insurance

Parsons, Donald O. - 2016

Job displacement in the U.S. is a serious threat to the earnings of long-tenured workers, through both (i) unemployment spells and (ii) reduced reemployment wages. Although full insurance requires both unemployment benefits and wage insurance, supply difficulties limit actual-loss insurance, and...

Persistent link: https://www.econbiz.de/10011455569

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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