more savings than to supply additional work in order to insure against the loss of employment. …

characteristic are correlated with more job opportunities. Policy simulations ten suggest that the risk pooling and savings component …

This paper studies the design of unemployment insurance when neither the searching effort nor the savings of an … unemployed agent can be monitored. If the principal could monitor the savings, the optimal policy would leave the agent savings …

purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married couples …. Partial insurance against wage and employment shocks is provided by social programs, savings, and the labor supplies of all …