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On the Optimality of Search Matching Equilibrium When Workers Are Risk Averse

van der Linden, Bruno; Lehmann, Etienne - 2004

This paper revisits the normative properties of search-matching economies when homogeneous workers have concave utility functions and wages are bargained over. The optimal allocation of resources is characterized first when information is perfect and second when search effort is not observable....

Persistent link: https://www.econbiz.de/10010276945

On the Optimality of Search Matching Equilibrium When Workers are Risk Averse

Lehmann, Etienne; Van der Linden, Bruno - 2021

Persistent link: https://www.econbiz.de/10013319208

An adverse selection model of optimal unemployment insurance

Hagedorn, Marcus; Kaul, Ashok; Mennel, Tim - 2002

We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face different search costs and have private information about their type. We derive a recursive solution of our dynamic adverse selection problem with repeated moral hazard. Conditions...

Persistent link: https://www.econbiz.de/10010301115

Chapter 5. Insurance and Insurance Markets

Dionne, Georges; Harrington, Scott E. - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 203-261). 2014

Kenneth Arrow and Karl Borch published several important articles in the early 1960s that can be viewed as the beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical contributions in insurance economics since that time. The review...

Persistent link: https://www.econbiz.de/10014025527

The role of sickness in the evaluation of job search assistance and sanctions

van den Berg, Gerard J.; Hofmann, Barbara; Uhlendorff, Arne - 2016

Ein Instrument zur Eindämmung von Moral Hazard in der Arbeitslosenversicherung ist die finanzielle Sanktion in Form … Vermittlungsvorschlägen und Sperrzeiten auf die Dauer der Arbeitslosigkeit und die Qualität der aufgenommenen Jobs.Wir schätzen Multi … auf die Wahrscheinlichkeit einer Krankmeldung. Dieser Effekt ist geringer in späteren Monaten der Arbeitslosigkeit. Dies …

Persistent link: https://www.econbiz.de/10011531724

Structural empirical analysis of vacancy referrals with imperfect monitoring and the strategic use of sickness absence

Berg, Gerard J. van den; Foerster, Hanno; Uhlendorff, Arne - 2023

This paper provides a structural analysis of the role of job vacancy referrals (VRs) by public employment agencies in the job search behavior of unemployed individuals, incorporating institutional features of the monitoring of search behavior by the agencies. Notably, rejections of VRs may lead...

Persistent link: https://www.econbiz.de/10014391203

Job search, unemployment protection and informal work in advanced economies

Long, Iain W.; Polito, Vito - 2017

This paper investigates the incentives that may induce workers to supplement income from unemployment benefits by engaging in temporary informal work. Using a dynamic model of job-search with moral hazard that incorporates a stylised schedule of benefit payments, we describe how informal sector...

Persistent link: https://www.econbiz.de/10011761509

On existence of private unemployment insurance with advance information on future job losses

Denderski, Piotr; Stoltenberg, Christian - 2021

We study the existence of a profitable unemployment insurance market in a dynamic economy with adverse selection rooting in information on future job losses. The new feature of the model is that the insurer and workers interact repeatedly. Repeated interactions make it possible to threaten...

Persistent link: https://www.econbiz.de/10012545133

Alternative Systeme der Arbeitslosenversicherung: das Beispiel der Vereinigten Staaten und des Vereinigten Königreichs

Glismann, Hans H.; Schrader, Klaus - 2001

keine Arbeitslosenversicherung im herkömmlichen Sinne: Die Einkommenssicherung bei Arbeitslosigkeit erfolgt durch die …Im Rahmen eines Vergleichs der amerikanischen und britischen Systeme der Arbeitslosenversicherung wird gezeigt, daß das … Arbeitslosenversicherung und der Höhe der Freisetzung von Arbeitskräften aufweist ("experience rating"). Im Vereinigten Königreich gibt es …

Persistent link: https://www.econbiz.de/10010265488

Alternative Systeme der Arbeitslosenversicherung : das Beispiel der Vereinigten Staaten und des Vereinigten Königreichs

Glismann, Hans H.; Schrader, Klaus - 2001

Persistent link: https://www.econbiz.de/10001570242