Boone, Jan - In: Journal of Institutional and Theoretical Economics (JITE) 160 (2004) 2, pp. 275-275
This paper analyses the effects of unemployment insurance (UI) in a model with two sectors where one sector is more risky than the other, in the sense that the probability of becoming unemployed is higher. With risk-averse agents it is the case that, over a range of values of UI, increasing UI...