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Based on a two-country model it is scrutinized how the structure of the unemployment benefit system affects the consequences of idiosyncratic labor market shocks on real wages and unemployment in other countries. International spillover effects are caused by changes in world real income. The...
Persistent link: https://www.econbiz.de/10013320141
in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance … (UI), taking the dynamic distortionary effects of insurance on the performance of the labor market into consideration … high unemployment, low geographical mobility and high unemployment insurance, and one "American" steady-state featuring low …
Persistent link: https://www.econbiz.de/10013320553
In this paper, we develop a methodology to summarize the various policy parameters of an unemployment insurance scheme … into a single generosity parameter. Unemployment insurance policies are multdimensional objects. They are typically defined … that is similar, except that the unemployment insurance is simpler: it is deprived of waiting periods and agents are …
Persistent link: https://www.econbiz.de/10003782507
supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …
Persistent link: https://www.econbiz.de/10012241162
We study optimal unemployment insurance (UI) policy over the business cycle, using a heterogeneous agent job …
Persistent link: https://www.econbiz.de/10012311610
Based on a two-country model it is scrutinized how the structure of the unemployment benefit system affects the consequences of idiosyncratic labor market shocks on real wages and unemployment in other countries. International spillover effects are caused by changes in world real income. The...
Persistent link: https://www.econbiz.de/10011415263
-run consumption spillovers to non-reforming countries under incomplete consumption insurance. While lower benefits reduce unemployment …-provided insurance. A portion of these additional savings flows to the non-reforming country and depresses long-term consumption due to …'s tradable sector in the aftermath of the Hartz unemployment insurance reform based on firm-level data. Our quantitative model …
Persistent link: https://www.econbiz.de/10014548451
We analyze the impact of unemployment benefits and minimum wages using an equilibrium search model which allows for dispersion of benefits and productivity levels, job-to-job transitions, and structural and frictional unemployment. The estimation method uses readily available aggregate data on...
Persistent link: https://www.econbiz.de/10014150136
the effects of transitory increases in Unemployment Insurance (UI) benefits are largely dependent on the state of the …
Persistent link: https://www.econbiz.de/10014237546
unemployment insurance program in the presence of a labor market with union wage-setting. Both programs are financed by earmarked … unemployment. The presence of spillovers between pension programs and unemployment insurance programs has striking implications for …
Persistent link: https://www.econbiz.de/10014140588