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of 2.5; 5) job search intensity for those eligible for Unemployment Insurance (UI) increases prior to benefit exhaustion … 50 states and D.C., job search is inversely related to the generosity of unemployment benefits, with an elasticity …; 6) time devoted to job search is fairly constant regardless of unemployment duration for those who are ineligible for UI …
Persistent link: https://www.econbiz.de/10010268859
The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in a … tractable model allowing moral hazard, adverse selection and hidden saving. Analytical results show that when the search … productivity of unemployed is constant over the unemployment spell, benefits should typically increase or be constant. The only …
Persistent link: https://www.econbiz.de/10010262469
This paper studies whether adverse selection can rationalize a universal mandate for unemployment insurance (UI …). Building on a unique feature of the unemployment policy in Sweden, where workers can opt for supplemental UI coverage above a … minimum mandate, we provide the fi rst direct evidence for adverse selection in UI and derive its implications for UI design …
Persistent link: https://www.econbiz.de/10012028647
devoted to job search and the reservation wage help predict early exits from Unemployment Insurance (UI). … sharply over the spell of unemployment; (2) the self-reported reservation wage predicts whether a job offer is accepted or … rejected; (3) the reservation wage is remarkably stable over the course of unemployment for most workers, with the notable …
Persistent link: https://www.econbiz.de/10010274673
This paper analyses the potential impacts of introducing unemployment insurance (UI) in middle income countries using … informal, formal and self employed workers. The results suggest that unemployment insurance would have only a modest negative … unemployment and three employment sectors: formal and informal wage employment, and self employment. The parameters of the model …
Persistent link: https://www.econbiz.de/10010283972
seekers receiving unemployment insurance, and the other includes information about job seekers applying for jobs. We first … seekers who changed search behaviors in the final 59 days before expiration of unemployment insurance, we secondly show an … unemployment insurance, and change them in response to the expiration of insurance, prolonged unemployment will result in short job …
Persistent link: https://www.econbiz.de/10010291311
Existing unemployment insurance systems in many OECD countries involve a ceiling on insurable earnings. The result is …
Persistent link: https://www.econbiz.de/10010321580
have higher wage dispersion. We also examine the relationship between unemployment benefits and job search. …
Persistent link: https://www.econbiz.de/10010268843
We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face … selection problem with repeated moral hazard. Conditions under which the UI agency should always offer separating contracts are … environment. In contrast, the contract of the bad searcher is distorted by an adverse selection effect, so that it tends to have …
Persistent link: https://www.econbiz.de/10010262113
establishments suffer persistent losses. A comparison of estimators implies that initial sorting, negative selection, and voluntary …
Persistent link: https://www.econbiz.de/10010262087