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Optimal social insurance and rising labor market risk
Krebs, Tom; Scheffel, Martin - 2019
This paper analyzes the optimal response of the social insurance system to a rise in labor market risk. To this end, we … develop a tractable macroeconomic model with risk-free physical capital, risky human capital (labor market risk) and … (human capital) risk increases social welfare if the government adjusts the tax-and-transfer system optimally. Finally, we …
Persistent link: https://www.econbiz.de/10011977744
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Voting on unemployment insurance
Pallage, Stéphane J.; Zimmermann, Christian - In: International economic review 42 (2001) 4, pp. 903-923
Persistent link: https://www.econbiz.de/10001624471
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The role of sickness in the evaluation of job search assistance and sanctions
Berg, Gerard J. van den; Hofmann, Barbara; Uhlendorff, Arne - 2016
Ein Instrument zur Eindämmung von Moral Hazard in der Arbeitslosenversicherung ist die finanzielle Sanktion in Form …
Persistent link: https://www.econbiz.de/10011418245
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Entrepreneurial moral hazard in income insurance
Ejrnæs, Mette; Hochgürtel, Stefan - 2011
We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....
Persistent link: https://www.econbiz.de/10011376618
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Understanding severance pay
Parsons, Donald O. - 2013
Severance pay, a fixed-sum payment to workers at job separation, has been the focus of intense policy concern for the last several decades, but much of this concern is unearned. The design of the ideal separation package is outlined and severance pay emerges as a natural component of job...
Persistent link: https://www.econbiz.de/10010195446
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Lessons from the American Federal-State unemployment insurance system for a European unemployment benefits system
O'Leary, Christopher J.; Barnow, Burt S. - 2016
an EUBS, there are also lessons in some shortcomings of the U.S. experience. We identify areas of risk for individual and …
Persistent link: https://www.econbiz.de/10011554136
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The simple analytics of job displacement insurance
Parsons, Donald O. - 2016
Job displacement in the U.S. is a serious threat to the earnings of long-tenured workers, through both (i) unemployment spells and (ii) reduced reemployment wages. Although full insurance requires both unemployment benefits and wage insurance, supply difficulties limit actual-loss insurance, and...
Persistent link: https://www.econbiz.de/10011455569
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Moral-hazard-free first-best unemployment insurance
Parsons, Donald O. - 2016
Unemployment insurance replacement rates world-wide are well below 100 percent, a fact often attributed to search moral hazard concerns. As Blanchard and Tirole (2008) have illustrated, however, neither search nor layoff moral hazard (firing cost) distortions need arise in first-best insurance...
Persistent link: https://www.econbiz.de/10011455570
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Universal basic income versus unemployment insurance
Fabre, Alice; Pallage, Stéphane J.; Zimmermann, Christian - 2014
In this paper we compare the welfare effects of unemployment insurance (UI) with an universal basic income (UBI) system in an economy with idiosyncratic shocks to employment. Both policies provide a safety net in the face of idiosyncratic shocks. While the unemployment insurance program should...
Persistent link: https://www.econbiz.de/10010459671
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The role of sickness in the evaluation of job search assistance and sanctions
Berg, Gerard J. van den; Hofmann, Barbara; Uhlendorff, Arne - 2016
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
Persistent link: https://www.econbiz.de/10011449662