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(plans that depend on workers' unemployment history) in economies with and without hidden savings. We show that optimal … welfare significantly in the absence of hidden savings. However, welfare gains are much lower when we consider hidden savings …
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characteristic are correlated with more job opportunities. Policy simulations ten suggest that the risk pooling and savings component …
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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...
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analytically tractable model allowing moral hazard, adverse selection and hidden savings. Analytical results show that when the …. The only exception is when there is moral hazard and no hidden savings. In general, adverse selection problems calls for …
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