Showing 1 - 10 of 13,736
, the paper discusses possibilities for international insurance as well as shock-spreading and risk-mitigating policies …
Persistent link: https://www.econbiz.de/10009143621
This paper examines the importance of ex-ante heterogeneity for understanding the relationship between wealth and labor supply when markets are incomplete. An infinite horizon model is estimated where labor supply is indivisible and households are ex-ante heterogeneous in their labor disutility...
Persistent link: https://www.econbiz.de/10010945602
Persistent link: https://www.econbiz.de/10005345480
We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on … insured, having accounted for public insurance programs. We apply our framework to extended family networks in the United … insurance for such idiosyncratic shocks. …
Persistent link: https://www.econbiz.de/10011210466
We construct and calibrate a general equilibrium business cycle model with unemployment and precautionary saving. We compute the cost of business cycles and locate the optimum in a set of simple cyclical fiscal policies. Our economy exhibits productivity shocks, giving firms an incentive to hire...
Persistent link: https://www.econbiz.de/10010547417
We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search …
Persistent link: https://www.econbiz.de/10010951569
We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state … time-discount factors. We conclude that the current U.S. unemployment insurance system is approximately optimal. …
Persistent link: https://www.econbiz.de/10010877939
We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state … time-discount factors. We conclude that the current U.S. unemployment insurance system is approximately optimal. …
Persistent link: https://www.econbiz.de/10010884271
unemployment insurance programs to alleviate. We tackle this question in a dynamic general equilibrium model with heterogeneous … an exogenous stochastic process matching key US data. The generosity of the unemployment insurance program is determined … by voting. We run a series of experiments to contrast the optimal public insurance schemes in worlds with and without …
Persistent link: https://www.econbiz.de/10005069240
In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I …
Persistent link: https://www.econbiz.de/10005835397