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The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are...
Persistent link: https://www.econbiz.de/10013317917
In many OECD countries, e.g. in Germany, France, or the UK, unemploy-ment compensation consists of unemployment … insurance and unemployment assistance. Unemployment assistance is provided subsequent to the expiration of entitlement to … unemployment insurance and is lower. The effects of this two-tier unemployment compensation system are studied in a general …
Persistent link: https://www.econbiz.de/10013321097
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In most OECD countries, unemployment benefits are tied to individual previous labor earnings. We study the … model with search unemployment. Employment varies endogenously on both the intensive margin and the extensive margins as …. Compared to the case of lump-sum unemployment compensation, a system of insurance payments that are related to past …
Persistent link: https://www.econbiz.de/10011410421
In most OECD countries, unemployment benefits are tied to individual previous labor earnings. We study the … model with search unemployment. Employment varies endogenously on both the intensive margin and the extensive margins as …. Compared to the case of lump-sum unemployment compensation, a system of insurance payments that are related to past …
Persistent link: https://www.econbiz.de/10013320473
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unemployment and output fluctuations. The central question is whether the rule based component (i.e., the existence of the … our baseline scenario the rule based component stabilizes unemployment fluctuations by 15% and output fluctuations by 7 … significant effect on unemployment. These effects are based on a structural VAR estimation which is identified using the output …
Persistent link: https://www.econbiz.de/10009722505
counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important … component appears to be completely ineffective. In a case study for Germany, we use the rich data available to combine micro …
Persistent link: https://www.econbiz.de/10013057643