Showing 1 - 10 of 225
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
-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
for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a pension tax … pension tax allows those workers near retirement who still do not exercise job search to smooth their consumption during their …
Persistent link: https://www.econbiz.de/10010577642
We study an individual's incentive to search for a job in the presence of random criminal opportunities. These opportunities extenuate moral hazard, as the individual sometimes commits crime rather than searching. Even when he searches, he applies less effort. We then revisit the design of...
Persistent link: https://www.econbiz.de/10010799035
The costs of searching for a job vacancy are typically associated with friction that deters or delays employment of potentially productive individuals. We demonstrate that in a labor market with moral hazard where effort is noncontractible, job search costs play a positive role, whose effect may...
Persistent link: https://www.econbiz.de/10010729117
A welfare analysis of unemployment insurance (UI) is performed in a general equilibrium job search model. Finitely-lived, risk-averse workers smooth consumption over time by accumulating assets, choose search effort when unemployed, and suffer disutility from work. Firms hire workers, purchase...
Persistent link: https://www.econbiz.de/10005772360
This paper studies a model of optimal redistribution policies in which agents face unemployment risk and in which savings may provide partial self-insurance. Moral hazard arises as job search effort is unobservable. The optimal redistribution policies provide new insights into how an...
Persistent link: https://www.econbiz.de/10005744263
This paper provides a review of the recent literature on how incentives in unemployment insurance (UI) can be improved. We are particularly concerned with three instruments, viz. the duration of benefit payments (or more generally the time sequencing of benefits), monitoring in conjunction with...
Persistent link: https://www.econbiz.de/10005419180
<Para ID="Par1">Unemployment increased drastically over the course of the Great Recession from 4.5 percent prior to the recession to 10 percent at its peak in October 2009. Since then, the unemployment rate has come down steadily, and it stood at 5.8 percent in November 2014. Based on existing analyses and some...</para>
Persistent link: https://www.econbiz.de/10011241038
Die Suchtheorie macht zwei komplementäre Vorhersagen über den Einfluß der Arbeitslosenversicherung auf die Dynamik von … Arbeitslosigkeit. Indem die Anspruchslöhne der Arbeitslosen erhöht werden, sollte die Arbeitslosenversicherung sowohl zu einer … Vergleich sind allenfalls die negativen Dauereffekte der Arbeitslosenversicherung in den USA etwas stärker, während in der …
Persistent link: https://www.econbiz.de/10009321530