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Labor Market Shocks and Retirement: Do Government Programs Matter?
Coile, Courtney; Levine, Phillip B. - National Bureau of Economic Research (NBER) - 2006
This paper examines how unemployment affects retirement and whether the Unemployment Insurance (UI) system and Social … income loss associated with a weak labor market. We also estimate the impact of UI generosity on retirement and find little … for older workers than UI. …
Persistent link: https://www.econbiz.de/10005248815
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Disability, Earnings, Income and Consumption
Meyer, Bruce D.; Mok, Wallace K C - National Bureau of Economic Research (NBER) - 2013
Using longitudinal data for 1968-2009 for male household heads, we determine the prevalence of pre- retirement age disability and its association with a wide range of outcomes, including earnings, income, and consumption. We then employ some of these quantities in the optimal social insurance...
Persistent link: https://www.econbiz.de/10010796715
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Search and Work in Optimal Welfare Programs
Pavoni, Nicola; Setty, Ofer; Violante, Giovanni L. - National Bureau of Economic Research (NBER) - 2013
Some existing welfare programs ("work-first") require participants to work in exchange for benefits. Others ("job search-first") emphasize private job-search and provide assistance in finding and retaining a durable employment. This paper studies the optimal design of welfare programs when (i)...
Persistent link: https://www.econbiz.de/10010950714
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The Causal Effect of Unemployment Duration on Wages: Evidence from Unemployment Insurance Extensions
von Wachter, Till Marco; Schmieder, Johannes F.; … - National Bureau of Economic Research (NBER) - 2013
standard job search theory, the paper derives and tests conditions on reemployment wages under which Unemployment Insurance (UI …) extensions can be used as instrumental variables (IV) for unemployment duration. Using a regression discontinuity design, the … paper shows that UI extensions at age thresholds reduced reemployment wages of job searchers in Germany. The UI extensions …
Persistent link: https://www.econbiz.de/10010950762
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The Effects of Extended Unemployment Insurance over the Business Cycle: Evidence from Regression Discontinuity Estimates Over Twenty Years
von Wachter, Till Marco; Schmieder, Johannes F.; … - National Bureau of Economic Research (NBER) - 2012
One goal of extending the duration of unemployment insurance (UI) in recessions is to increase UI coverage in the face … differential effects of UI in booms and recessions, this paper exploits the fact that, in Germany, potential UI benefit duration is … nonemployment effects of a month of additional UI benefits are, at best, somewhat declining in recessions. Yet, the UI exhaustion …
Persistent link: https://www.econbiz.de/10009652780
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The Long-Term Effects of Unemployment Insurance Extensions on Employment
von Wachter, Till Marco; Schmieder, Johannes F.; … - National Bureau of Economic Research (NBER) - 2012
The majority of papers analyzing the employment effects of unemployment insurance (UI) benefit durations focuses on the … duration of the first unemployment spell. In this paper, we make two contributions. First, we use a regression discontinuity … design to analyze the long-term effects of extensions in UI durations. These estimates differ from standard estimates that …
Persistent link: https://www.econbiz.de/10009652843
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Unemployment Insurance and Job Search in the Great Recession
Rothstein, Jesse - National Bureau of Economic Research (NBER) - 2011
candidate explanation is supply-side effects driven by dramatic expansions of Unemployment Insurance (UI) benefit durations, to … as many as 99 weeks. This paper investigates the effect of these UI extensions on job search and reemployment. I use the … comparisons intended to distinguish the effects of UI extensions from other determinants of employment outcomes. The various …
Persistent link: https://www.econbiz.de/10009325541
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Taxation and Redistribution of Residual Income Inequality
Golosov, Mikhail; Maziero, Pricila; Menzio, Guido - National Bureau of Economic Research (NBER) - 2012
This paper studies the optimal redistribution of income inequality in a model with search and matching frictions in the labor market. We study this problem in the context of a directed search model of the labor market populated by homogeneous workers and heterogeneous firms. The optimal...
Persistent link: https://www.econbiz.de/10010785643
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Fixed-Term Employment Contracts in an Equilibrium Search Model
Alvarez, Fernando; Veracierto, Marcelo - National Bureau of Economic Research (NBER) - 2006
This paper analyzes the effects of fixed-term contracts using a version of the Lucas and Prescott island model with undirected search. A fixed-term contract of length J is modeled as a tax on separations of workers with tenure higher than J . While in principle these policies require a very...
Persistent link: https://www.econbiz.de/10005710122
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Quasi-Experimental Evidence on the Effects of Unemployment Insurance from New York State
Meyer, Bruce D.; Mok, Wallace K C - National Bureau of Economic Research (NBER) - 2007
duration to be convincingly separated from effects on incidence. The results show a sharp fall in the hazard of leaving UI that …This paper examines unemployment duration and the incidence of claims following a 36 percent increase in the maximum … incidence of claims and with this change in incidence biasing duration estimates. The evidence further suggests that, at least …
Persistent link: https://www.econbiz.de/10005718728