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Optimal Unemployment Insurance for Older Workers
HAIRAULT, JEAN-OLIVIER; LANGOT, FRANÇOIS; MENARD, SEBASTIEN - TEPP Fédération de Recherche Travail Emploi et …
-free. Second, the short job duration before retirement implies that the budgetary return and search incentives associated with the …. Finally, even in the special case where search intensity is zero close to retirement, perfect risk-sharing across unemployment … and retirement is welfare-improving thanks to the pension tax. …
Persistent link: https://www.econbiz.de/10010571582
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Optimal Unemployment Insurance for Older Workers
Hairault, Jean-Olivier; Langot, François; Ménard, … - Centre pour la Recherche Économique et ses … - 2011
left on the labor market prior to retirement. This short horizon implies a more decreasing replacement ratio. However …, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract. It is … show that the unemployment benefit agency could take advantage of the retirement period to tax pensions in order to …
Persistent link: https://www.econbiz.de/10009131149
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Optimal Unemployment Insurance with Variable Skill Levels
Pollak, Andreas - EconWPA - 2004
I study the consequences of heterogeneity of skills for the design of an optimal unemployment insurance, using a principal-agent set-up with a risk neutral insurer and infinitely lived risk averse agents. Agents, who are characterised by different productivities or skills, are employed by firms...
Persistent link: https://www.econbiz.de/10005408328
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An adverse selection model of optimal unemployment insurance
Hagedorn, Marcus; Kaul, Ashok; Mennel, Tim - Zentrum für Europäische Integrationsforschung (ZEI), … - 2002
We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face different search costs and have private information about their type. We derive a recursive solution of our dynamic adverse selection problem with repeated moral hazard. Conditions...
Persistent link: https://www.econbiz.de/10008611466
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Search and Work in Optimal Welfare Programs
Pavoni, Nicola; Setty, Ofer; Violante, Giovanni L - C.E.P.R. Discussion Papers - 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...
Persistent link: https://www.econbiz.de/10011083773
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Should Unemployment Insurance Vary with the Unemployment Rate? Theory and Evidence
Kroft, Kory; Notowidigdo, Matthew J. - Vancouver School of Economics - 2012
We study how optimal unemployment insurance (UI) benefits vary over the business cycle by estimating how the moral hazard cost and the consumption smoothing benefit of UI vary with the unemployment rate. We find that the moral hazard cost is procyclical, greater when the unemployment rate is...
Persistent link: https://www.econbiz.de/10011184382
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Labour Market Matters - April 2014
Tran, Vivian - Vancouver School of Economics - 2014
Examples of educational mismatch and overqualifcation in the labour market can often be found in the same office building – the clerical worker with a bachelor’s degree reporting to a manager with a high school education – as an example. Some have argued that mismatch in...
Persistent link: https://www.econbiz.de/10011184421
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Subsídio de desemprego: uma revisão da literatura teórica e empírica
Simoes, Nadia - Volkswirtschaftliche Fakultät, … - 2013
A vast theoretical and empirical literature has focused on the effects of unemployment insurance benefits on the decisions of the recipients and how these decisions influence their labor market outcomes. Three strands of literature are discussed in this paper: (i) the impact of unemployment...
Persistent link: https://www.econbiz.de/10011111772
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On the optimality of search matching equilibrium when workers are risk averse
LEHMANN, Etienne; LINDEN, Bruno VAN DER - Institut de Recherche Économique et Sociale (IRES), … - 2002
This papers revisits the normative properties of search-matching economies when workers have concave utility functions. A general equilibrium framework is developed where agents are homogeneous and wages are bargained over. Assuming lump-sum taxation of profits, the optimal allocation of...
Persistent link: https://www.econbiz.de/10004985336
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What Drives Job Search? Evidence from Google Search Data
Baker, Scott; Fradkin, Andrey - Stanford Institute for Economic Policy Research … - 2011
The large-scale unemployment caused by the Great Recession has necessitated unprecedented increases in the duration of unemployment insurance (UI). While it is clear that the weekly payments are beneficial to recipients, workers receiving benefits have less incentive to engage in job search and...
Persistent link: https://www.econbiz.de/10009019875