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Davis, Steven J.; Krolikowski, Pawel - National Bureau of Economic Research - 2023

We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage stickiness on the layoff margin. Most UI recipients express a willingness to accept wage cuts of 5-10 percent to save their jobs, and one third would accept a 25 percent cut....

Persistent link: https://www.econbiz.de/10014337762

How to Fund Unemployment Insurance with Informality and False Claims : Evidence From Senegal

Ndiaye, Abdoulaye; Herkenhoff, Kyle; Cisse, Abdoulaye; … - National Bureau of Economic Research - 2023

This paper studies the welfare effects of unemployment insurance (UI) in low-income countries characterized by high …' welfare in the presence of moral hazard and liquidity constraints. Our analysis highlights the significance of the UI scheme … design on workers' welfare and identifies potential funding constraints in implementing UI in imperfect labor markets. Using …

Persistent link: https://www.econbiz.de/10014337804

When Institutions Interact : How the Effects of Unemployment Insurance are Shaped by Retirement Policies

Gudgeon, Matthew; Guzman, Pablo; Schmieder, Johannes; … - National Bureau of Economic Research - 2023

This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in a first-order way on the structure of retirement policies. Using German data, we first present reduced-form evidence of these interactions, documenting large bunching in UI...

Persistent link: https://www.econbiz.de/10014421233

Spending and Job-Finding Impacts of Expanded Unemployment Benefits : Evidence from Administrative Micro Data

Ganong, Peter; Greig, Fiona E.; Noel, Pascal J.; … - National Bureau of Economic Research - 2022

We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job-finding impacts. This finding has three implications. First, increased benefits were important for explaining aggregate spending dynamics--but not employment dynamics--during the...

Persistent link: https://www.econbiz.de/10013361970

Disemployment Effects of Unemployment Insurance : A Meta-Analysis

Cohen, Jonathan P.; Ganong, Peter - National Bureau of Economic Research - 2024

We systematically review studies of how unemployment benefits affect unemployment duration. Statistically significant findings are eleven times more likely to be published. Correcting for publication bias halves the average elasticity. Meta-analysis provides a principled way for sufficient...

Persistent link: https://www.econbiz.de/10015056158

Pensions as Severance Pay

Lazear, Edward P. - 1982

Earlier claims that pensions serve as severance pay are corroborated by a new data set drawn from the 1980 Banker's Trust corporate pension plan study. A model is developed that shows how pension values which vary with the age of retirement make both workers and firms better off by moving the...

Persistent link: https://www.econbiz.de/10012478163

Severance Pay, Pensions, and Efficient Mobility

Lazear, Edward P. - 1982

This paper argues that pensions are used as severance pay devices in an efficient compensation scheme. The major points of the study are: (1) Severance pay, which takes the form of higher pension values for early retirement, is widespread. (2) A major reason for the existence of pensions is the...

Persistent link: https://www.econbiz.de/10012478257

Job Displacement Insurance and (the Lack of) Consumption-Smoothing

Gerard, François - 2019

The most common forms of government-mandated job displacement insurance are Severance Pay (SP; lump-sum payments at layoff) and Unemployment Insurance (UI; periodic payments contingent on nonemployment). While there is a vast literature on UI, SP programs have received much less attention, even...

Persistent link: https://www.econbiz.de/10012479700

Can the Market Multiply and Divide? Non-Proportional Thinking in Financial Markets

Shue, Kelly - 2019

Nominal stock prices are arbitrary. Therefore, when evaluating how a piece of news should affect the price of a stock, rational investors should think in percentage rather than dollar terms. However, dollar price changes are ubiquitously reported and discussed. This may both cause and reflect a...

Persistent link: https://www.econbiz.de/10012479702

Information and Bargaining through Agents : Experimental Evidence from Mexico’s Labor Courts

Sadka, Joyce - 2018

provision of information is welfare-improving for the plaintiffs. The experimental results replicate over two phases conducted …

Persistent link: https://www.econbiz.de/10012480789

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