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Optimal Unemployment Benefits in the Pandemic

Mitman, Kurt - 2020

How should unemployment benefits vary in response to the economic crisis induced by the COVID-19 pandemic? We answer this question by computing the optimal unemployment insurance response to the COVID-induced recession.We compare the optimal policy to the provisions under the CARES Act—which...

Persistent link: https://www.econbiz.de/10012830644

Optimal Travel Restrictions in Epidemics

Shi, Wei; Qiu, Yun; Yu, Pei; Chen, Xi - 2022

Travel restrictions are often imposed to limit the spread of infectious diseases. As uniform restrictions can be inefficient and incur unnecessarily high costs, this paper examines the optimal design of restrictions that target specific travel routes. We propose a model with trade-offs between...

Persistent link: https://www.econbiz.de/10014083692

Socially Optimal Mistakes? Debiasing COVID-19 Mortality Risk Perceptions and Prosocial Behavior

Abel, Martin - 2020

people form COVID-19 mortality risk beliefs and the implications for prosocial behavior. We first document that people …

Persistent link: https://www.econbiz.de/10012826249

When to Release the Lockdown? A Wellbeing Framework for Analysing Costs and Benefits

Layard, Richard - 2020

It is politicians who have to decide when to release the lockdown, and in what way. In doing so, they have to balance many considerations (as with any decision). Often the different considerations appear incommensurable so that only the roughest of judgements can be made. For example, in the...

Persistent link: https://www.econbiz.de/10012835269

Whether, When and How to Extend Unemployment Benefits : Theory and Application to COVID-19

Mitman, Kurt; Rabinovich, Stanislav - 2021

We investigate the optimal response of unemployment insurance to economic shocks, both with and without commitment. The optimal policy with commitment follows a modified Baily-Chetty formula that accounts for job search responses to future UI benefit changes. As a result, the optimal policy with...

Persistent link: https://www.econbiz.de/10013248069

The Lockdown Impact on Unemployment for Heterogeneous Workers

Kandoussi, Malak - 2020

We develop a multi-sectoral matching model to predict the impact of the lockdown on the US unemployment, considering the heterogeneity of workers to account for the contrasted impacts across various types of jobs. We show that separations and business closures that hit the workers with the first...

Persistent link: https://www.econbiz.de/10012829211

Life Expectancy, Schooling, and Lifetime Labor Supply : Theory and Evidence Revisited

Cervellati, Matteo - 2013

This paper presents a theoretical and empirical analysis of the role of life expectancy for optimal schooling and lifetime labor supply. The results of a simple prototype Ben-Porath model with age-specific survival rates show that an increase in lifetime labor supply is not a necessary, nor a...

Persistent link: https://www.econbiz.de/10013084661

Life Expectancy and the Environment

Mariani, Fabio - 2009

We present an OLG model in which life expectancy and environmental quality dynamics are jointly determined. Agents may invest in environmental care, depending on how much they expect to live. In turn, environmental conditions affect life expectancy. As a result, our model produces a positive...

Persistent link: https://www.econbiz.de/10013154479

Life Expectancy and Economic Growth : The Role of the Demographic Transition

Cervellati, Matteo - 2009

. We provide evidence supporting these predictions using data on exogenous mortality reductions in the context of the …

Persistent link: https://www.econbiz.de/10013159658

Mortality and the Business Cycle : Evidence from Individual and Aggregated Data

van den Berg, Gerard J. - 2017

There has been much interest recently in the relationship between economic conditions and mortality, with some studies … showing that mortality is pro-cyclical whereas others find the opposite. Some suggest that the aggregation level of analysis … men from 1993 to 2007. Our results show that the association between the business cycle and mortality does not depend on …

Persistent link: https://www.econbiz.de/10012955001