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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
charges increases by more than 30% in response to a 50% cut to North Carolina's Unemployment Insurance (UI) program following … through the threat of a retaliatory firing, and test this theory by estimating whether external shocks that reduce the value … increase in a state-industry's monthly unemployment rate. The effect is amplified in industries employing a larger fraction of …
Persistent link: https://www.econbiz.de/10012624855
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
offers a brief overview and discussion of research on the labor market impacts of minimum wages (MW), unemployment insurance … a fruitful interplay between search theory and empirical work. This research has established that UI matters for labor … market behavior, in particular the duration of unemployment, although there remains substantial uncertainty about the …
Persistent link: https://www.econbiz.de/10010225828
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
-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
Unemployment insurance schemes include conditions on past employment history as part of the eligibility conditions … job search incentives and thus gross unemployment. We analyse the optimal design of the unemployment insurance system … higher insurance motive captured by more risk aversion implies higher benefit generosity and more lax employment requirements …
Persistent link: https://www.econbiz.de/10010510632
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