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Studies On Optimal Unemployment Insurance
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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 : 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 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 Over the Business Cycle by : Camille Landais
Download or read book Optimal Unemployment Insurance Over the Business Cycle written by Camille Landais and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper analyzes optimal unemployment insurance over the business cycle in a search model in which unemployment stems from matching frictions (in booms) and job rationing (in recessions). Job rationing during recessions introduces two novel effects ignored in previous studies of optimal unemployment insurance. First, job-search efforts have little effect on aggregate unemployment because the number of jobs available is limited, independently of matching frictions. Second, while job-search efforts increase the individual probability of finding a job, they create a negative externality by reducing other jobseekers' probability of finding one of the few available jobs. Both effects are captured by the positive and countercyclical wedge between micro-elasticity and macro-elasticity of unemployment with respect to net rewards from work. We derive a simple optimal unemployment insurance formula expressed in terms of those two elasticities and risk aversion. The formula coincides with the classical Baily-Chetty formula only when unemployment is low, and macro- and micro-elasticity are (almost) equal. The formula implies that the generosity of unemployment insurance should be countercyclical. We illustrate this result by simulating the optimal unemployment insurance over the business cycle in a dynamic stochastic general equilibrium model calibrated with US data
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 Macroeconomic Theory of Optimal Unemployment Insurance by :
Download or read book Macroeconomic Theory of Optimal Unemployment Insurance written by and published by . This book was released on 2010 with total page 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 Optimal Unemployment Insurance when Income Effects are Large by : Raj Chetty
Download or read book Optimal Unemployment Insurance when Income Effects are Large written by Raj Chetty and published by . This book was released on 2004 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies of the consumption-smoothing benefits of unemployment insurance (UI) have found that the optimal benefit level is very small, perhaps even 0, for conventional levels of risk aversion. In this paper, I derive a formula for the optimal benefit rate in terms of income and price elasticities of unemployment durations, directly inferring risk aversion for the unemployed from their behavioral responses to UI benefits. The optimal rate of social insurance is shown to depend positively on the size of the income elasticity and negatively on the size of the substitution elasticity. I estimate these elasticities using semi-parametric hazard models and variation in UI laws across states and over time. The estimates indicate that income effects account for 70% of the effect of UI on unemployment durations, and yield an optimal replacement rate around 50% of pre-unemployment wages. These results challenge the prevailing view that social safety nets provide minimal welfare gains at a large efficiency cost.
Book Synopsis Liquidity and Insurance for the Unemployed by : Robert Shimer
Download or read book Liquidity and Insurance for the Unemployed written by Robert Shimer and published by . This book was released on 2005 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the optimal design of unemployment insurance for workers sampling job opportunities over time. We focus on the timing of benefits and the desirability of allowing workers to freely access a riskless asset. When workers have constant absolute risk aversion preferences, a very simple policy is optimal: a constant benefit during unemployment, a constant tax during employment, and free access to savings using the riskless asset. Away from this benchmark, for constant relative risk aversion preferences, the optimal policy involves nearly constant benefits and the welfare gains from more elaborate policies are minuscule. Our results highlight two distinct roles for policy toward the unemployed: ensuring workers have sufficient liquidity to smooth their consumption; and providing unemployment subsidies that serve as insurance against the uncertain duration of unemployment spells
Book Synopsis Optimal Unemployment Insurance in a Model With Skill Loss and Match Quality Uncertainty by : Michael John Nipple
Download or read book Optimal Unemployment Insurance in a Model With Skill Loss and Match Quality Uncertainty written by Michael John Nipple and published by . This book was released on 2013 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation makes a contribution to the question of how best to set the rate of unemployment compensation. Previous research on this topic has emphasized the behavioral response of non-workers to various incentives created by unemployment insurance. Recent work has emphasized two new features. One is the importance of including savings in the model, and the other the recognition that skills tend to rise during employment and fall during unemployment spells. This thesis seeks to combine all three features, search incentives, savings, and skill change effects. The strategy is to develop an unemployment model with these features and to obtain parameters values from a variety of sources, including SIPP data and research by other authors on related questions. The model is then simulated for various ranges of policy choices. The primary policy choice is the benefit replacement ratio, a number that determines the actual level of unemployment compensation. Taxes are set under different assumptions. In some cases, taxes are set to achieve budget balance. In other cases, taxes are set independently of benefit levels. This feature assumes the possibility of a subsidy from other sources, but it allows for a study of the independent incentive effects of benefits and tax rates. Results from the simulations using the most likely parameter specification indicate that a replacement ratio of 58\% is best. A replacement ratio slightly higher than the optimal ratio can lead to a large decrease in average utility, and is problematic. When human capital changes are relatively less responsive to unemployment and employment duration, longer unemployment spells are more desirable as they lead to better matches. When the effect of taxes and benefits are looked at separately, the benefit ratio aspects matters more than the tax rate.
Author :Zimmermann, Christian Publisher :[Montréal] : Centre de recherche sur l'emploi et les fluctuations économiques, Université du Québec à Montréal (CREFÉ) = Center for Research on Economic Fluctuations and Employment (CREFE) ISBN 13 : Total Pages : pages Book Rating :4.:/5 (485 download)
Book Synopsis Moral Hazard and Optimal Unemployment Insurance in an Economy with Heterogeneous Skills [electronic Resource] by : Zimmermann, Christian
Download or read book Moral Hazard and Optimal Unemployment Insurance in an Economy with Heterogeneous Skills [electronic Resource] written by Zimmermann, Christian and published by [Montréal] : Centre de recherche sur l'emploi et les fluctuations économiques, Université du Québec à Montréal (CREFÉ) = Center for Research on Economic Fluctuations and Employment (CREFE). This book was released on 1997 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Optimal Unemployment Insurance When Income Effects are Large by :
Download or read book Optimal Unemployment Insurance When Income Effects are Large written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Adverse Selection Model of Optimal Unemployment Insurance by : Marcus Hagedorn
Download or read book An Adverse Selection Model of Optimal Unemployment Insurance written by Marcus Hagedorn and published by . This book was released on 2007 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Optimal Unemployment Insurance with Monetoring and Sanctions by :
Download or read book Optimal Unemployment Insurance with Monetoring and Sanctions written by and published by . This book was released on 2001 with total page 26 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 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 Part-time Unemployment and Optimal Unemployment Insurance by : Susanne Ek
Download or read book Part-time Unemployment and Optimal Unemployment Insurance written by Susanne Ek and published by . This book was released on 2011 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: