Several European countries have reformed their labor market institutions. Incentive effects of unemployment benefits … have been an important aspect of these reforms. We analyze this issue in a principal-agent model, focusing on unemployment … levels and labor productivity. In our model, a higher level of unemployment benefits improves the workers' position in wage …

This paper studies the effects of the introduction of unemployment compensation (UC) in countries characterized by … supplementary instrument to curb informality. -- informality ; labor market imperfections ; unemployment compensation …

We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … incentive to save and fewer private resources are used for consumption smoothing during unemployment. Our results show that in a … time-discount factors. We conclude that the current U.S. unemployment insurance system is approximately optimal. …

We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … incentive to save and fewer private resources are used for consumption smoothing during unemployment. Our results show that in a … time-discount factors. We conclude that the current U.S. unemployment insurance system is approximately optimal. …

In this paper we investigate the impact of the recent US unemployment benefits extension on the labor market dynamic … experiments suggest that, in contrast to the existing literature that ignores the liquidity trap situation, unemployment benefits … expansions cause a wage and inflationary pressure which curb the increase in real interest rate and slightly reduce unemployment …

1970 - 2011 and explicitly analyze the effects of unemployment and labor market institutions on suicide rates. In line with … a large body of literature, our results suggest that unemployment and social factors are important determinants of … suicide mortality. The results also indicate that unemployment benefits decrease suicides of males, while relatively strict …

Economists often expect unemployment insurance (UI) benefits to elevate unemployment rates because recipients may … more gradually in 2013 likely contributed to declines in unemployment and participation rates beyond what one would expect … transitions from unemployment to dropping out of the labor force, thus reducing the unemployment rate and the labor force …

frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. -- business cycles ; labor markets ; payroll taxes ; unemployment …

In many search models of the labor market, unemployment insurance (UI) is conveniently interpreted as the value of … two equilibrium models of unemployment: random search and directed search. In a random search model without taxes … can be internalized and efficiency can be re-established. -- directed search ; random search ; unemployment insurance …

This paper studies the role of labor market institutions in business cycle fluctuations. We develop a DSGE model with … search and matching frictions and incorporate a US unemployment insurance experience rating system. Layoff taxes based on … experience rating finance the cost of unemployment benefits and create considerable employment adjustment costs. Our framework …