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spells and (ii) reduced reemployment wages. Although full insurance requires both unemployment benefits and wage insurance …, supply difficulties limit actual-loss insurance, and separation packages typically include partial unemployment insurance and … is common, and unemployment insurance benefit levels should fall, which is not. …
Persistent link: https://www.econbiz.de/10011455569
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However … sanctions on the unemployment duration and the quality of job matches, in conjunction with the possibility to report sick. We … relative attractiveness of vacancy referrals increases over the time spent in unemployment. Overall, around 9% of sickness …
Persistent link: https://www.econbiz.de/10011449662
We investigate the optimal response of unemployment insurance to economic shocks, both with and without commitment. The … transitory increase in UI is optimal; and that a policy rule contingent on the change in unemployment, rather than its level, is …
Persistent link: https://www.econbiz.de/10012431134
We study the macroeconomic effects of unemployment insurance (UI) benefit extensions in the United States at short and … when initial durations are shorter have substantial effects on the unemployment rate and the number of people receiving UI …
Persistent link: https://www.econbiz.de/10014335034
-related Unemployment Insurance. Reflecting that married couples obtain intra-household insurance by making labor supply choices for both …We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by … and savings decisions of singles and married couples. Partial insurance against wage and employment shocks is provided by …
Persistent link: https://www.econbiz.de/10010510507
Generous income support programs as provided by European welfare states have often been blamed to hamper employment. This paper investigates the importance of incentives inherent in the tax-benefit system for the individual decision to take up work. Using German microdata over the period...
Persistent link: https://www.econbiz.de/10011289240
severance pay emerges as a natural component of job displacement insurance packages, serving both as scheduled reemployment wage … insurance and, if search moral hazard is a problem, as scheduled UI. Like any firm-financed separation expenditure, severance … cost distortions by substituting severance savings plans, which have zero firing costs. Indeed severance insurance plans …
Persistent link: https://www.econbiz.de/10010195446
Job search requirements constrain the effort choice of unemployment insurance recipients by enforcing a minimum number … react to this constraint. Standard job search theory predicts that requirements affect each job seeker relative to her … search theory. …
Persistent link: https://www.econbiz.de/10010502718
The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in a … productivity of unemployed is constant over the unemployment spell, benefits should typically increase or be constant. The only …
Persistent link: https://www.econbiz.de/10011414504
We ran a large randomized controlled experiment among about 150,000 recipients of unemployment benefits insurance in … labor supply and increases the expenditure net of taxes of the unemployment insurance agency. … France in order to evaluate the impact of part-time unemployment benefits. We took advantage of the lack of knowledge of job …
Persistent link: https://www.econbiz.de/10012486489