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risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment …This paper derives optimal employment contracts when workers are risk averse and there are employment and unemployment … contracts offer severance compensation and sometimes give notice before dismissal. Severance compensation smoothes consumption …
Persistent link: https://www.econbiz.de/10013319199
We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a severance payment worth 1.2 months' earnings at the median lowers the fraction re-employed after a year by six percentage...
Persistent link: https://www.econbiz.de/10010319736
We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a severance payment worth 1.2 months' earnings at the median lowers the fraction re-employed after a year by seven percentage...
Persistent link: https://www.econbiz.de/10010283587
likely to exist also in other countries. -- unemployment ; optimal unemployment insurance ; liquidity constraints ; mental …
Persistent link: https://www.econbiz.de/10009571745
they are likely to exist also in other countries. -- Unemployment ; Optimal Unemployment Insurance ; Liquidity Constraints …
Persistent link: https://www.econbiz.de/10009504557
German unemployment insurance system and resulted in a significant reduction in unemployment benefits for the long …-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare …-run (noncyclical)unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases …
Persistent link: https://www.econbiz.de/10011490127
likely to exist also in other countries -- Unemployment ; Optimal Unemployment Insurance ; Liq-uidity Constraints ; Mental …
Persistent link: https://www.econbiz.de/10009672437
received unemployment insurance (UI) between 2014 and 2016 across 18 states to evaluate the role that UI plays in mitigating …
Persistent link: https://www.econbiz.de/10012963873
We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a severance payment worth 1.2 months' earnings at the median lowers the fraction re-employed after a year by six percentage...
Persistent link: https://www.econbiz.de/10012905729
In response to the COVID-19 pandemic, Congress expanded unemployment insurance (UI) benefits in three ways. First, it … are eligible to receive UI via the Pandemic Unemployment Assistance (PUA) program. Third, it extended the duration of …
Persistent link: https://www.econbiz.de/10013217037