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absences. Large firms, by contrast, were refunded only 70% of the wages paid to sick blue-collar workers. Using a difference …Sick workers in many countries receive sick pay during their illness-related absences from the workplace. In several … countries, the social security system insures firms against their workers' sickness absences. However, this insurance may create …
Persistent link: https://www.econbiz.de/10013119733
Job displacement insurance typically includes both unemployment benefits and lump-sum severance pay, and each has provoked policy concerns. Unemployment insurance concerns have centered on distorted job search/offer acceptance decisions by the worker, severance-induced firing cost concerns on...
Persistent link: https://www.econbiz.de/10013067317
We develop a new approach to quantify how patients respond to dynamic incentives in health insurance contracts with a … contracts reset at the beginning of the year, and cost-sharing limits change over the years. Using rich claims-level data from a …
Persistent link: https://www.econbiz.de/10012837905
We investigate whether the costs of job displacement differ between blue collar and white collar workers. In the short … run earnings and employment losses are substantial for both groups but stronger for white collar workers. In the long run …, there are only weak effects for blue collar workers but strong and persistent effects for white collars. This is consistent …
Persistent link: https://www.econbiz.de/10013325049
We examine ways of funding higher education, comparing upfront tuition fees with graduate taxes. The tax dominates, as volatility in future income is transferred from risk-averse students to the risk-neutral state. However, a double moral hazard problem arises when students' efforts to raise...
Persistent link: https://www.econbiz.de/10013135633
We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...
Persistent link: https://www.econbiz.de/10013137517
In 1996, statutory sick pay was reduced for private sector workers in Germany. Using the empirical observation that …
Persistent link: https://www.econbiz.de/10013099789
the financial burden related to sickness absence of their workers. We use an exogenously-set threshold for the eligibility …
Persistent link: https://www.econbiz.de/10013099791
talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort …
Persistent link: https://www.econbiz.de/10013083378
competitive pricing of nonexclusive financial contracts …
Persistent link: https://www.econbiz.de/10013071425