policy tools. The crisis was a stress test for unemployment insurance schemes as it involved a sudden and unexpected shutdown … reallocation complementary to unemployment insurance. Our attention is on short-time work (preventing layoffs by subsidizing hors … reductions), partial unemployment insurance (enabling workers to combine unemployment benefits with low income jobs), and wage …

, unemployment insurance is an essential tool to foster and smooth career paths. Its core components comprise unemployment benefits … risks properly. To deal with this issue, part-time unemployment insurance, short-time work and wage insurance have been …

spells and (ii) reduced reemployment wages. Although full insurance requires both unemployment benefits and wage insurance …, supply difficulties limit actual-loss insurance, and separation packages typically include partial unemployment insurance and … and in combination, introduce potentially serious contracting concerns. Economic theory provides a practical guide to the …

Job displacement insurance typically includes both unemployment benefits and lump-sum severance pay, and each has … provoked policy concerns. Unemployment insurance concerns have centered on distorted job search/offer acceptance decisions by … insurance. In a limited information environment, the distribution of job displacement insurance between the two benefit types …

. Job displacement insurance is presumably designed to offset these losses, but evidence suggests that consumption smoothing … reemployment wage insurance could fully cover these losses, but are costly to provide. Severance pay has emerged as a supplemental …, if much criticized, instrument. Moral hazard limitations on unemployment insurance generosity mean that severance pay …

Efforts to insure long-tenured displacement workers against earnings losses from unemployment spells and lower wages on … severance or unemployment-linked - and (ii) financing type - insurance or savings. In this four-way categorization, severance … savings accounts are the least familiar, perhaps because they are often mislabeled as unemployment insurance savings accounts …

distortions caused by public unemployment insurance (UI), but only if firms have access to private insurance. Otherwise firms … STC is substantially less generous than UI even when firms have access to private insurance, and equally generous STC is …