Unemployment Insurance Design

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Modelling Unemployment Insurance

Author : Paola Potestio
Publisher : Springer Nature
ISBN 13 : 3030913198
Total Pages : 182 pages
Book Rating : 4.0/5 (39 download)

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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.

Labor Market Effects of Unemployment Insurance Design

Author : Konstantinos Tatsiramos
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (826 download)

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Book Synopsis Labor Market Effects of Unemployment Insurance Design by : Konstantinos Tatsiramos

Download or read book Labor Market Effects of Unemployment Insurance Design written by Konstantinos Tatsiramos and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Optimal Unemployment Insurance

Author : Andreas Pollak
Publisher : Mohr Siebeck
ISBN 13 : 9783161493041
Total Pages : 204 pages
Book Rating : 4.4/5 (93 download)

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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.

Labor market effects unemployment insurance design

Author : Konstantinos Tatsiramos
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (815 download)

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Book Synopsis Labor market effects unemployment insurance design by : Konstantinos Tatsiramos

Download or read book Labor market effects unemployment insurance design written by Konstantinos Tatsiramos and published by . This book was released on 2012 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Joint Design of Unemployment Insurance and Employment Protection

Author : Olivier J. Blanchard
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (138 download)

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Book Synopsis The Joint Design of Unemployment Insurance and Employment Protection by : Olivier J. Blanchard

Download or read book The Joint Design of Unemployment Insurance and Employment Protection written by Olivier J. Blanchard and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Optimal Design of Unemployment Insurance and Employment Protection

Author : Olivier Blanchard
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.:/5 (2 download)

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Book Synopsis The Optimal Design of Unemployment Insurance and Employment Protection by : Olivier Blanchard

Download or read book The Optimal Design of Unemployment Insurance and Employment Protection written by Olivier Blanchard and published by . This book was released on 2004 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much of the policy discussion of labor market institutions has been at the margin, with proposals to tighten unemployment benefits, reduce employment protection, and so on. There has been little discussion however of what the ultimate goal and architecture should be. The paper focuses on characterizing this ultimate goal, the optimal architecture of labor market institutions. We start our analysis with a simple benchmark, with risk-averse workers, risk-neutral firms and random shocks to productivity. In this benchmark, we show that optimality requires both unemployment insurance and employment protection - in the form of layoff taxes; it also requires that layoff taxes be equal to unemployment benefits. We then explore the implications of four broad categories of deviations: limits on insurance, limits on layoff taxes, ex-post wage bargaining, and heterogeneity of firms or workers. We show how the architecture must be modified in each case. The scope for insurance may be more limited than in the benchmark; so may the scope for employment protection. The general principle remains however, namely the need to look at unemployment insurance and employment protection together, rather than in isolation. Keywords: Unemployment insurance, employment protection, unemployment benefits, layoff taxes, layoffs, severance payments. JEL Classifications: D60, E62, H21, J30, J32, J38, J65.

Unemployment Insurance Design

Author : John Hassler
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (165 download)

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Book Synopsis Unemployment Insurance Design by : John Hassler

Download or read book Unemployment Insurance Design written by John Hassler and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Study of Unemployment Insurance Recipients and Exhaustees

Author : Walter Corson
Publisher :
ISBN 13 :
Total Pages : 204 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis A Study of Unemployment Insurance Recipients and Exhaustees by : Walter Corson

Download or read book A Study of Unemployment Insurance Recipients and Exhaustees written by Walter Corson and published by . This book was released on 1990 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Optimal Design of Unemployment Insurance and Employment Protection. A First Pass

Author : Olivier J. Blanchard
Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Optimal Design of Unemployment Insurance and Employment Protection. A First Pass by : Olivier J. Blanchard

Download or read book The Optimal Design of Unemployment Insurance and Employment Protection. A First Pass written by Olivier J. Blanchard and published by . This book was released on 2010 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much of the policy discussion of labor market institutions has been at the margin, with proposals to tighten unemployment benefits, reduce employment protection, and so on. There has been little discussion however of what the ultimate goal and architecture should be. The paper focuses on characterizing this ultimate goal, the optimal architecture of labor market institutions. We start our analysis with a simple benchmark, with risk averse workers, risk neutral firms and random shocks to productivity. In this benchmark, we show that optimality requires both unemployment insurance and employment protection--in the form of layoff taxes; it also requires that layoff taxes be equal to unemployment benefits. We then explore the implications of four broad categories of deviations: limits on insurance, limits on layoff taxes, ex-post wage bargaining, and heterogeneity of firms or workers. We show how the architecture must be modified in each case. The scope for insurance may be more limited than in the benchmark; so may the scope for employment protection. The general principle remains however, namely the need to look at unemployment insurance and employment protection together, rather than in isolation.

Optimal Unemployment Insurance Design

Author : Peter Fredriksson
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (217 download)

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Book Synopsis Optimal Unemployment Insurance Design by : Peter Fredriksson

Download or read book Optimal Unemployment Insurance Design written by Peter Fredriksson and published by . This book was released on 2003 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Reforming Severance Pay

Author : Robert Holzmann
Publisher : World Bank Publications
ISBN 13 : 0821388517
Total Pages : 321 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Reforming Severance Pay by : Robert Holzmann

Download or read book Reforming Severance Pay written by Robert Holzmann and published by World Bank Publications. This book was released on 2011-10-31 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Termination pay includes severance, mass redundancy, or end-of-service pay and is widely used as income protection for the unemployed. This book reviews such arrangements wordwide, analyzing their performance and recent reform trends to improve efficiency and redistributive impact.

Unemployed But Optimistic

Author : Johannes Spinnewijn
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Unemployed But Optimistic by : Johannes Spinnewijn

Download or read book Unemployed But Optimistic written by Johannes Spinnewijn and published by . This book was released on 2008 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Biased perceptions of risks change the perceived value of insurance and the perceived returns to avoiding these risks. I show empirically that unemployed workers overestimate how quickly they will find work, but underestimate the return to their search efforts. I analyze the consequences for the optimal design of unemployment insurance. With biased beliefs, contracts equalizing the marginal smoothing benefit and the moral hazard cost of insurance are suboptimal. Social and private insurance diverge; a paternalistic social planner corrects the moral hazard cost for the distortion in the insured's effort choice, while private insurers focus on the perceived rather than the true smoothing benefits. When unemployed workers are optimistic, privatizing unemployment insurance may result in inefficiently low or rapidly decreasing unemployment benefits.

Designing Labor Market Institutions in Emerging and Developing Economies

Author : Mr.Romain A Duval
Publisher : International Monetary Fund
ISBN 13 : 1498313264
Total Pages : 58 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Designing Labor Market Institutions in Emerging and Developing Economies by : Mr.Romain A Duval

Download or read book Designing Labor Market Institutions in Emerging and Developing Economies written by Mr.Romain A Duval and published by International Monetary Fund. This book was released on 2019-05-21 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses theoretical aspects and evidences related to designing labor market institutions in emerging market and developing economies. This note reviews the state of theory and evidence on the design of labor market institutions in a developing economy context and then reviews its consistency with actual labor market advice in a selected set of emerging and developing economies. The focus is mainly on three broad sets of institutions that matter for both workers’ protection and labor market efficiency: employment protection, unemployment insurance and social assistance, minimum wages and collective bargaining. Text mining techniques are used to identify IMF recommendations in these areas in Article IV Reports for 30 emerging and frontier economies over 2005–2016. This note has provided a critical review of the literature on the design of labor market institutions in emerging and developing market economies, and benchmarked the advice featured in IMF recommendations for 30 emerging market and frontier economies against the tentative conclusions from the literature.

Unemployment Insurance at a Crossroads

Author : Amy Simon
Publisher :
ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Unemployment Insurance at a Crossroads by : Amy Simon

Download or read book Unemployment Insurance at a Crossroads written by Amy Simon and published by . This book was released on 2021 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Unemployment Insurance and Active Labor Market Policy

Author : Günther Schmid
Publisher : Wayne State University Press
ISBN 13 : 9780814323144
Total Pages : 332 pages
Book Rating : 4.3/5 (231 download)

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Book Synopsis Unemployment Insurance and Active Labor Market Policy by : Günther Schmid

Download or read book Unemployment Insurance and Active Labor Market Policy written by Günther Schmid and published by Wayne State University Press. This book was released on 1992 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the impact that the financing and administration systems of labor market policy have on the design of national policies concerning the unemployed. The authors investigated labor market policy in six countries--Austria, France, Federal Republic of Germany. Great Britain, Sweden, and the United States--and determined that the distribution of responsibility for labor market programs, the financing of these programs, and the procedures for determining issues and expenditures differ markedly from country to country. The authors explore how the same economic causes--price changes, technological rationalization, new products--can have very different labor market effects because of institutional factors, such as the job-search behavior of the unemployed, the mobility of the employed, the hiring practices of firms, wage negotiations between trade unions and employers, and the employment policies of different levels of government and their impact on the behavior of labor market forces. Unemployment Insurance and Active Labor Market Policy answers the questions: how much public funding do the unemployed receive in wage-replacement benefits and for how long; how much public funding is devoted for manpower programs and invested in "active" labor market policy; and finally, how are the necessary financial resources made available? In summary, the book investigates the relationship between the financing system and revenues and expenditures for labor market policy, the role played by market policy in employment policy as a whole, and the impact of the financing system for labor market policy on the classical goals of the welfare state. The findings of this comprehensive study should contribute to the redeployment of financial resources from those funds currently being used to finance unemployment (unemployment benefits, unemployment assistance, and public assistance) to financing employment.

Unemployment Insurance Reform

Author : David E. Balducchi
Publisher : W.E. Upjohn Institute
ISBN 13 : 0880996528
Total Pages : 247 pages
Book Rating : 4.8/5 (89 download)

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Book Synopsis Unemployment Insurance Reform by : David E. Balducchi

Download or read book Unemployment Insurance Reform written by David E. Balducchi and published by W.E. Upjohn Institute. This book was released on 2018-09-11 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Unemployment Insurance (UI) system is a lasting piece of the Social Security Act which was enacted in 1935. But like most things that are over 80 years old, it occasionally needs maintenance to keep it operating smoothly while keeping up with the changing demands placed upon it. However, the UI system has been ignored by policymakers for decades and, say the authors, it is broken, out of date, and badly in need of repair. Stephen A. Wandner pulls together a group of UI researchers, each with decades of experience, who describe the weaknesses in the current system and propose policy reforms that they say would modernize the system and prepare us for the next recession.

How Does Informal Employment Affect the Design of Unemployment Insurance and Employment Protection?

Author : Emilio Espino
Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis How Does Informal Employment Affect the Design of Unemployment Insurance and Employment Protection? by : Emilio Espino

Download or read book How Does Informal Employment Affect the Design of Unemployment Insurance and Employment Protection? written by Emilio Espino and published by . This book was released on 2019 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors use a simple model to study the optimal design of unemployment insurance and employment protection. Workers are risk averse and face the possibility of unemployment. Firms are risk neutral and face random shocks to productivity. Workers can participate in a shadow economy, or informal sector. The model yields several lessons. First, countries should encourage formal employment to address the issue of informal employment. In extreme cases, such encouragement translates into high severance payments and negative payroll taxes. Along these same lines, unemployment payments cannot be too large. In fact, when the risk of informality is extreme, the authors find that unemployment benefits should be negative, which is (in effect) a positive tax on the lack of formal employment.