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Optimal Unemployment Insurance
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Book Synopsis Optimal Unemployment Insurance by : Andreas Pollak
Download or read book Optimal Unemployment Insurance written by Andreas Pollak and published by Mohr Siebeck. This book was released on 2007 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designing a good unemployment insurance scheme is a delicate matter. In a system with no or little insurance, households may be subject to a high income risk, whereas excessively generous unemployment insurance systems are known to lead to high unemployment rates and are costly both from a fiscal perspective and for society as a whole. Andreas Pollak investigates what an optimal unemployment insurance system would look like, i.e. a system that constitutes the best possible compromise between income security and incentives to work. Using theoretical economic models and complex numerical simulations, he studies the effects of benefit levels and payment durations on unemployment and welfare. As the models allow for considerable heterogeneity of households, including a history-dependent labor productivity, it is possible to analyze how certain policies affect individuals in a specific age, wealth or skill group. The most important aspect of an unemployment insurance system turns out to be the benefits paid to the long-term unemployed. If this parameter is chosen too high, a large number of households may get caught in a long spell of unemployment with little chance of finding work again. Based on the predictions in these models, the so-called "Hartz IV" labor market reform recently adopted in Germany should have highly favorable effects on the unemployment rates and welfare in the long run.
Book Synopsis Optimal Unemployment Insurance by : Carl Davidson
Download or read book Optimal Unemployment Insurance written by Carl Davidson and published by . This book was released on 1995 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Studies on Optimal Unemployment Insurance by : Tim Mennel
Download or read book Studies on Optimal Unemployment Insurance written by Tim Mennel and published by . This book was released on 2004 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Optimal Unemployment Insurance by : Hugo Andrés Hopenhayn
Download or read book Optimal Unemployment Insurance written by Hugo Andrés Hopenhayn and published by . This book was released on 1996 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Modelling Unemployment Insurance by : Paola Potestio
Download or read book Modelling Unemployment Insurance written by Paola Potestio and published by Springer Nature. This book was released on 2022-01-28 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines unemployment insurance policy through a survey, taking stock of the theoretical work in the field of labor economics. It closely follows and assesses developments in the modelling of optimal unemployment insurance (UI) policies, beginning with the initial analytical findings produced in the second half of the 1970s. A main part of the survey is devoted to the two basic strands of analysis about, respectively, the optimal level of UI benefits and the optimal time profile of UI policy. The book has two different objectives. The first is to provide an essential summary of the individual models, with the intention of underscoring how a number of specific messages for the policy-maker can be derived from analytical constructions. It further emphasizes and comments on what the models deliver to UI policy-makers. The second objective is to stress the importance and extension of open questions in the field of the theoretical approach to the unemployment insurance issue. The survey discusses the multiplicity of heterogeneities of the labor world in particular as relevant for UI issues on the one side, and on the other hand, the independence of the two basic choices of UI policy, its meaning and its limits, and the possible forms of complementarity between these choices. The book is a must-read for researchers, students, and policy-makers interested in a better understanding of the field of labor economics in general, as well as unemployment insurance policies in particular.
Book Synopsis Optimal Unemployment Insurance in a Job Search by : Gerard Tano
Download or read book Optimal Unemployment Insurance in a Job Search written by Gerard Tano and published by . This book was released on 2012-10-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Optimal Unemployment Insurance: a Survey by : Edi Karni
Download or read book Optimal Unemployment Insurance: a Survey written by Edi Karni and published by . This book was released on 1998 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Optimal Unemployment Insurance with Monitoring and Sanctions by : Jan Boone
Download or read book Optimal Unemployment Insurance with Monitoring and Sanctions written by Jan Boone and published by . This book was released on 2001 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Optimal Unemployment Insurance in a Matching Equilibrium by :
Download or read book Optimal Unemployment Insurance in a Matching Equilibrium written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Optimal Unemployment Insurance When Search Takes Effort and Money by : Jeremy S. Schwartz
Download or read book Optimal Unemployment Insurance When Search Takes Effort and Money written by Jeremy S. Schwartz and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Searching for work is costly. It involves finding available positions, completing applications, and attending interviews, to name but a few of the activities involved. The optimal unemployment insurance (UI) literature models the cost of these activities as either a reduction in leisure or an unpleasant bad that reduces utility, ignoring their associated monetary costs. If search requires out of pocket expenses on goods and services that improve the probability of a successful job search, a low UI benefit may make a job search unaffordable. This paper investigates the optimal structure of UI in an economy where job search is not only unpleasant, but also requires a monetary investment. Numerical experiments suggest that without access to capital markets, the optimal UI system should include a higher benefit for the newly unemployed than is implied by assuming a job search is free. This allows workers to purchase the stock of goods and services needed to find work. In contrast, when workers can accumulate savings, more benefits should be provided to the long-term unemployed, so they have the financial resources needed to conduct a job search even as they exhaust their own savings.
Book Synopsis Optimal Unemployment Insurance and On-the-job Behaviours by : Laura Khoury
Download or read book Optimal Unemployment Insurance and On-the-job Behaviours written by Laura Khoury and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social insurances are an important component of welfare states in developed countries.They have been set up to meet the twofold objective of improving efficiency, in acontext where information is not available to all parties, and enhancing equity bysharing the cost of insurance across risk types. If this general principle achievesconsensus, the question of the optimal level of insurance that should be providedis at the centre of the policy and scientific debate. This dissertation addresses theissue of the optimal design of unemployment insurance (UI), taking into account howUI parameters can affect the behaviour of firms and workers either before, duringor after unemployment. It contributes to the literature in three ways: (i) it drawsthe attention on the interaction between UI design and on-the-job behaviours wherethe focus has mainly been on the response of job-seekers to UI parameters duringunemployment; (ii) using rich administrative data, it empirically reveals the existenceand potential costs of such behavioural responses; (iii) it tests the empirical validityof theoretical arguments usually put forward as a motivation for public interventionin the UI market, namely adverse selection and individual optimisation failures.Chapter 1 assesses the effect of a UI program letting some job-seekers choosebetween low benefits for a long duration or higher benefits for a shorter duration. Iuse this uncommon choice feature in nationally-mandated UI schemes to understandthe determinants of the choice and its consequences. Using a rich set of covariates, Idocument the existence of adverse selection, and relate the choice of the high-benefitoption to observable characteristics generally associated to a lower risk-aversion or ahigher impatience. My results also reveal a high moral hazard cost, as job-seekersopting for higher benefits are predicted to stay unemployed longer. This negativeimpact that is even higher for job-seekers with a high initial unemployment risk.Chapter 2 shows that a discontinuous increase in the level of UI benefits at atenure threshold leads to the strategic scheduling of layoffs in order to maximise thesurplus from separation. I use the bunching methodology to quantify the extensionof the employment spell in response to the increase in UI benefits. Results suggestthat this extension is the result of an individual bargaining process between theworker and the employer. I argue that workers trade higher UI benefits against areduction in the cost or the risk associated to the layoff, through a lower probabilityto claim damages, lower severance payment or a lower reputational cost. Chapter 3 analyses the effect of the UI eligibility criteria imposing a minimumemployment record to claim benefits on pre and post-unemployment outcomes. Ithighlights a separation response through a jump in employment outflows at theeligibility threshold. Exploiting a reform that reduced the minimum employmentrecord, we show that, in some sectors, this separation response translates into ahigher number of contracts whose duration exactly coincides with the new workhistory condition. This suggests that, in some sectors, the change in the UI eligibilitycriteria contributed to shape a new norm regarding the duration of short contracts.It would imply that UI parameters do not only affect the outcomes of job-seekersbefore, during and after unemployment, but also the outcomes of workers who donot experience unemployment. The last part of the chapter evaluates the extensivemargin effect of UI benefits. Receiving UI benefits as opposed to not receiving anybenefit at all has a negative impact on future employment probability, that does notseem to be compensated by an improvement in terms of job quality.
Book Synopsis Optimal Unemployment Insurance in a THANK Model by : Stéphane Auray
Download or read book Optimal Unemployment Insurance in a THANK Model written by Stéphane Auray and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Optimal Unemployment Insurance by : Edi Karni
Download or read book Optimal Unemployment Insurance written by Edi Karni and published by . This book was released on 1999 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Armchair Economist by : Steven E. Landsburg
Download or read book The Armchair Economist written by Steven E. Landsburg and published by Simon and Schuster. This book was released on 2012-05-10 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Air bags cause accidents, because well-protected drivers take more risks. This well-documented truth comes as a surprise to most people, but not to economists, who have learned to take seriously the proposition that people respond to incentives. In The Armchair Economist, Steven E. Landsburg shows how the laws of economics reveal themselves in everyday experience and illuminate the entire range of human behavior. Why does popcorn cost so much at the cinema? The 'obvious' answer is that the owner has a monopoly, but if that were the whole story, there would also be a monopoly price to use the toilet. When a sudden frost destroys much of the Florida orange crop and prices skyrocket, journalists point to the 'obvious' exercise of monopoly power. Economists see just the opposite: If growers had monopoly power, they'd have raised prices before the frost. Why don't concert promoters raise ticket prices even when they are sure they will sell out months in advance? Why are some goods sold at auction and others at pre-announced prices? Why do boxes at the football sell out before the standard seats do? Why are bank buildings fancier than supermarkets? Why do corporations confer huge pensions on failed executives? Why don't firms require workers to buy their jobs? Landsburg explains why the obvious answers are wrong, reveals better answers, and illuminates the fundamental laws of human behavior along the way. This is a book of surprises: a guided tour of the familiar, filtered through a decidedly unfamiliar lens. This is economics for the sheer intellectual joy of it.
Book Synopsis Income Contingent Loans by : Timothy Higgins
Download or read book Income Contingent Loans written by Timothy Higgins and published by Springer. This book was released on 2014-05-28 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores the prospect of the application of the basic principles of ICL into many other potential areas of social and economic policy. Using case studies it evaluates previously implemented ICL schemes where interest rate subsidies are usually the norm, and questions the merits of this approach.
Book Synopsis Optimal Unemployment Insurance and International Risk Sharing by : Stéphane Moyen
Download or read book Optimal Unemployment Insurance and International Risk Sharing written by Stéphane Moyen and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hiring as a Herd written by Brandon Lehr and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper characterizes optimal unemployment insurance (UI) in terms of estimable statistics in the presence of negative duration dependence for the unemployed, with endogenous callback rates generated by asymmetric information. I show how this characterization generalizes the standard Baily-Chetty framework. In addition, I construct an approximation for optimal UI as a function of the average elasticity of callback rates with respect to unemployment benefits. There is no estimate of this elasticity in the literature, but I illustrate the responsiveness of optimal UI to this elasticity.
