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dissatisfied with their job, the unemployed's well-being is statistically significantly higher. Thus, it appears that unemployment … effects as males and particularly married males suffer more from unemployment. Also, a quarter of the unemployed report that … they feel social pressure due to unemployment. These findings suggest that social approval plays some role in the impact of …
Persistent link: https://www.econbiz.de/10014311302
We study unemployment insurance in a framework where the main source of heterogeneity among agents is the type of … aggregate wealth moments. Our central finding is that changes to the current unemployment insurance program are valued … differently by married and single households. In particular, a more generous unemployment insurance reduces the welfare of married …
Persistent link: https://www.econbiz.de/10012202383
Cocco, Gomes and Maenhout (2005). We extend it by unemployment risk using Markov chains to model the transition between … states, namely employment, short-term as well as long-term unemployment. This allows us to examine the effects of persistence … in the unemployment process on portfolio choice. Our main findings are, first, that in case of short-term unemployment …
Persistent link: https://www.econbiz.de/10010274543
(2005). We extend it by unemployment risk using Markov chains to model the transition between different employment states …, short-term as well as long-term unemployment. This allows us to examine the effects of persistence in the unemployment … process on portfolio choice. Our main findings are, first, that in case of short-term unemployment only, social security …
Persistent link: https://www.econbiz.de/10008583477
We study how unemployment effects the over-indebtedness of households using the new European Household Finance and … to country specific results, the role of unemployment varies widely across countries. In Spain, France or Portugal, for … households plagued by over-indebtedness increased by more than 10%, suggesting that another unemployment shock could have a major …
Persistent link: https://www.econbiz.de/10011407930
Persistent link: https://www.econbiz.de/10011443386
Standard economic theory suggests that individuals know best how to make themselves happy. Thus, policies designed to encourage "better" behaviors will only reduce people's happiness. Recently, however, economists have explored the role of impatience, especially difficulties with delaying...
Persistent link: https://www.econbiz.de/10011434104
Demographic projections forecast a doubling of the dependency ratio until 2050 as well as an increase of 10% in population due to longer life expectancy in Switzerland. To quantify the effects on social security and public finances, we use a computational overlapping generations model with five...
Persistent link: https://www.econbiz.de/10013069150
The job finding rate of Unemployment Insurance (UI) recipients declines in the initial months of unemployment and then … effort. The panel structure allows us to observe how search effort evolves within individual over the unemployment spell. We …
Persistent link: https://www.econbiz.de/10012835264
We provide new evidence on the effect of the unemployment insurance (UI) weekly benefit amount on unemployment …
Persistent link: https://www.econbiz.de/10012831234