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We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a severance payment worth 1.2 months’ earnings at the median lowers the fraction re-employed after a year by seven percentage...
Persistent link: https://www.econbiz.de/10013315877
This paper studies the role of labor market institutions on unemployment and on the cyclical properties of job flows …. We construct an intertemporal general equilibrium model with search unemployment and endogenous job turnover, and examine … the consequences of introducing an unemployment benefit, a firing cost and a downward wage rigidity. The model is able to …
Persistent link: https://www.econbiz.de/10013319819
We show that a stronger earnings relationship of unemployment compensation reduces wages and increases employment in an …-manufacturing wages and a 7.3% reduction in unemployment …
Persistent link: https://www.econbiz.de/10013320079
in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance … high unemployment, low geographical mobility and high unemployment insurance, and one "American" steady-state featuring low … unemployment, high mobility and low unemployment insurance …
Persistent link: https://www.econbiz.de/10013320553
We study optimal unemployment insurance (UI) policy over the business cycle, using a heterogeneous agent job …
Persistent link: https://www.econbiz.de/10012311610
The paper develops an overlapping generations model that highlights interactions between social security, unemployment … and growth. The social security system has two components: old age pensions and unemployment insurance. Pensions have a … direct effect on economic growth. Both pensions and unemployment benefits influence equilibrium unemployment caused by wage …
Persistent link: https://www.econbiz.de/10014072758
The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in a … productivity of the unemployed is constant over the unemployment spell, benefits should typically increase or be constant. The only …
Persistent link: https://www.econbiz.de/10014102398
We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage … efficient separations that holds in leading theories of job separations, frictional unemployment, and job ladders. We draw on …
Persistent link: https://www.econbiz.de/10014337762
We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job …
Persistent link: https://www.econbiz.de/10013361970
Unemployment insurance policies are multidimensional objects. They are typically defined by waiting periods … difficult. To make things worse, labor market conditions, such as the likelihood and duration of unemployment matter when … unemployment insurance programs with a single metric. We build a first model with such complex characteristics. Our model features …
Persistent link: https://www.econbiz.de/10014206929