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Moral Hazard, Optimal Unemployment Insurance, and Aggregate Dynamics

Veracierto, Marcelo - 2022

In this paper, I explore how optimal aggregate dynamics can be shaped by the presence of moral hazard in unemployment insurance. I also analyze the optimal provision of unemployment insurance and the implications for the amount of cross-sectional heterogeneity. The economy that I consider embeds...

Persistent link: https://www.econbiz.de/10013297808

Hiring and Firing Costs, Adverse Selection

Saint-Paul, Gilles; Kugler, Adriana D. - 2000

In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment are much lower in Europe compared to North America, while employment-to-employment flows are similar in the two continents. In the model, firms use discretion in terms of whom...

Persistent link: https://www.econbiz.de/10010262352

Was spricht eigentlich gegen eine private Arbeitslosenversicherung?

Lutz, Roman - 2006

Arbeitslosenversicherung vorgestellt. Zentrales Element ist hierbei die kombinierte Versicherung von Arbeitslosigkeit und Langlebigkeit in … Privatisierung der Arbeitslosenversicherung. Anders als in bisherigen Ansätzen werden die Begründungen gegen eine Privatisierung in … letztlich nur das normative Argument der 'relativen Armut' gegen eine private Arbeitslosenversicherung spricht. Demnach ist die …

Persistent link: https://www.econbiz.de/10010266826

Unemployment insurance savings accounts in Latin America: Overview and assessment

Ferrer, Ana M.; Riddell, W. Craig - 2011

The unemployment protection systems that exist in most Latin American economies are generally considered inadequate in terms of providing insurance to workers. They may also encourage stratified labor markets and impose barriers to the employee's mobility and the firm's adjustment to changing...

Persistent link: https://www.econbiz.de/10010278335

Unemployment insurance savings accounts in Latin America : overview and assessment

Ferrer, Ana M.; Riddell, William Craig - 2011

The unemployment protection systems that exist in most Latin American economies are generally considered inadequate in terms of providing insurance to workers. They may also encourage stratified labor markets and impose barriers to the employee’s mobility and the firm's adjustment to changing...

Persistent link: https://www.econbiz.de/10009234512

A dynamic analysis of the demand for health insurance and health care

Bolhaar, Jonneke; Lindeboom, Maarten; Klaauw, Bas van der - 2008

We investigate the presence of moral hazard and advantageous or adverse selection in a market for supplementary health insurance. For this we specify and estimate dynamic models for health insurance decisions and health care utilization. Estimates of the health care utilization models indicate...

Persistent link: https://www.econbiz.de/10011377059

Incentive contracts and efficient unemployment benefits in a globalized world

Helm, Carsten; Demougin, Dominique - 2012

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...

Persistent link: https://www.econbiz.de/10009697870

Lessons from the American Federal-State unemployment insurance system for a European unemployment benefits system

O'Leary, Christopher J.; Barnow, Burt S. - 2016

The federal-state system of unemployment insurance (UI) in the United States was established by the Social Security Act of 1935 during the Great Depression. Under the program, states provide temporary partial wage replacement to involuntarily unemployed workers with significant labor force...

Persistent link: https://www.econbiz.de/10011554136

Active social insurance

Røed, Knut - In: IZA journal of labor policy 1 (2012), pp. 1-22

The paper argues that a comprehensive activation strategy is called for – in both unemployment and disability insurance – to minimize the conflict between income insurance and work incentives and to prevent the economic crisis from causing a long-lasting decline in labor force participation....

Persistent link: https://www.econbiz.de/10009687326

Is there always a trade-off between insurance and incentives? : the case of unemployment with subsistence constraints

Mesén Vargas, Juliana; Van der Linden, Bruno - 2018

This article analyzes the behavioral effects of unemployment benefits (UB) and it characterizes their optimal level when jobless people, who can carry out a subsistence activity, only survive if they have access to a minimum consumption level. Our model shows that if the level of UB is low...

Persistent link: https://www.econbiz.de/10011847539