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Author : David Lee Fuller
Publisher :
ISBN 13 :
Total Pages : 174 pages
Book Rating : 4.:/5 (298 download)
Download or read book Unemployment Insurance with Adverse Selection written by David Lee Fuller and published by . This book was released on 2008 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marcus Hagedorn
Publisher :
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.:/5 (163 download)
Download or read book An Adverse Selection Model of Optimal Unemployment Insurance written by Marcus Hagedorn and published by . This book was released on 2002 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : W. Henry Chiu
Publisher :
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (361 download)
Download or read book Endogenous Adverse Selection and Unemployment Insurance written by W. Henry Chiu and published by . This book was released on 1996 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : W. Henry Chiu
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Endogenous Adverse Selection and Unemployment Insurance written by W. Henry Chiu and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we consider how the presence of private information may explain the failure of the private sector to provide unemployment insurance. In particular, we show how the interaction of private information regarding employees' preferences for work with the unobservable level of effort exerted on the job may explain the absence of private unemployment insurance. We also reflect on the implications of our findings for the role of the public sector in providing unemployment insurance.
Author : Stephen R. G. Jones
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (246 download)
Download or read book Unemployment Insurance and Involuntary Unemployment : the Case of Adverse Selection written by Stephen R. G. Jones and published by . This book was released on 1985 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : W. Henry Chiu
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (753 download)
Download or read book Unemployment Insurance written by W. Henry Chiu and published by . This book was released on 1994 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Camille Landais
Publisher :
ISBN 13 :
Total Pages : 69 pages
Book Rating : 4.:/5 (1 download)
Download or read book Risk-based Selection in Unemployment Insurance written by Camille Landais and published by . This book was released on 2017 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies whether adverse selection can rationalize a universal mandate for unemployment insurance (UI). Building on a unique feature of the unemployment policy in Sweden, where workers can opt for supplemental UI coverage above a minimum mandate, we provide the first direct evidence for adverse selection in UI and derive its implications for UI design. We find that the unemployment risk is more than twice as high for workers who buy supplemental coverage, even when controlling for a rich set of observables. Exploiting variation in risk and prices to control for moral hazard, we show how this correlation is driven by substantial risk-based selection. Despite the severe adverse selection, we find that mandating the supplemental coverage is dominated by a design leaving the choice to workers. In this design, a large subsidy for supplemental coverage is optimal and complementary to the use of a minimum mandate. Our findings raise questions about the desirability of the universal mandate of generous UI in other countries, which has not been tested before.
Author : Andreas Pollak
Publisher : Mohr Siebeck
ISBN 13 : 9783161493041
Total Pages : 204 pages
Book Rating : 4.4/5 (93 download)
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.
Author : Noritaka Kudoh
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Unemployment Policies in an Economy with Adverse Selection written by Noritaka Kudoh and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the effects of unemployment policies in a simple static general equilibrium model with adverse selection in the labor market. Firms offer a contract that induces the self-selection of workers. In equilibrium, all unskilled workers are screened out and some skilled workers are rationed out. It is shown that the provision of unemployment insurance (UI) raises involuntary unemployment by encouraging adverse selection, while unemployment assistance (UA) - or subsidy to unemployment - reduces involuntary unemployment. A simple efficiency wage model is also presented to show that either of the two policies reduces employment by taxing effort and subsidizing shirking. The key is whether the social role of unemployment is a sorting device or a worker discipline device.
Author : Sherwin Rosen
Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.3/5 (9 download)
Download or read book Unemployment and Insurance written by Sherwin Rosen and published by . This book was released on 1983 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper elaborates equilibrium properties of contract labor markets when cost barriers limit labor mobility in response to demand and productivity shifts. Unemployment is sustained because the marginal value of labor is not equated across all firms; however the equilibrium contract optimally allocates a worker's time between market and nonmarket uses, given transactions cost-mobility constraints. Contracts provide full unemployment insurance for risks that are diversifiable by pooling among firms. Nondiversifiable (macro) risks are only partially shifted,largely through self-insurance (contingency saving). Increasing diversifiable risk has social value, similar to the value of an option. Increasing nondiversifiable risk has negative value because it reduces lifetime consumption. The main empirical implication of contract theory is shown to be closely related to the permanent income hypothesis and establishes linkages between labor activities and consumption behavior. It is atheory of consumption rigidity rather than wage rigidity. Another empirical implication is that unemployment incidence is proportional to comparative advantage in normarket production. Layoffs are ordered by workers' relative productivity in nonmarket compared with market sectors. The theory is used to analyze some features of the U.S. employment system. Its empirical support is briefly reviewed.
Download or read book Providing Health Coverage for the Unemployed written by and published by . This book was released on 1983 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Social Security Administration. Bureau of Research and Statistics
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 ( download)
Download or read book Temporary Disability Insurance Coordinated with Unemployment Insurance written by United States. Social Security Administration. Bureau of Research and Statistics and published by . This book was released on 1947 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Bureau of Employment Security
Publisher :
ISBN 13 :
Total Pages : 94 pages
Book Rating : 4.3/5 (511 download)
Download or read book Temporary Disability Insurance-problems in Formulating a Program Administered by a State Employment Security Agency written by United States. Bureau of Employment Security and published by . This book was released on 1953 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Health
Publisher :
ISBN 13 :
Total Pages : 154 pages
Book Rating : 4.F/5 ( download)
Download or read book Health Insurance for the Unemployed written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Health and published by . This book was released on 1983 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lillian Madden
Publisher : Emereo Publishing
ISBN 13 : 9781488852084
Total Pages : 126 pages
Book Rating : 4.8/5 (52 download)
Download or read book Adverse Selection 80 Success Secrets - 80 Most Asked Questions on Adverse Selection - What You Need to Know written by Lillian Madden and published by Emereo Publishing. This book was released on 2014-10-06 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adverse Selection Starts right here. There has never been a Adverse Selection Guide like this. It contains 80 answers, much more than you can imagine; comprehensive answers and extensive details and references, with insights that have never before been offered in print. Get the information you need--fast! This all-embracing guide offers a thorough view of key knowledge and detailed insight. This Guide introduces what you want to know about Adverse Selection. A quick look inside of some of the subjects covered: Unemployment benefits - Adverse selection, Flood insurance - In the United States, Savings and loan crisis - Failures, Index of economics articles - A, Agency costs - Agency costs in corporate governance, Agency cost Agency costs in corporate governance, Group Insurance, America's Affordable Health Choices Act of 2009 - Elements of the bill, Information economics - Information asymmetry, Contract theory - Adverse selection, One share, one vote - Mechanisms and controls, Health insurance - Netherlands, Health benefits (insurance) - Australia, Information asymmetries - Adverse selection, Adverse selection - Insurance, Medicaid expansion - Healthcare debate, 2008-10, Credit bureau, Health care in Australia - Insurance, New institutional economics - Overview, Affordable Care Act - Healthcare debate, 2008-10, Death spiral (insurance), Overconfidence effect - Practical implications, Medical expenses - Health care markets, Interbank lending market - Increase in counterparty risk, Pre-existing condition, Opportunism - Economic opportunism, Moral hazard - Insurance industry, Predatory lending - Underlying issues, Health insurance in the United States - Employer-sponsored, Market failure - The Nature of the Exchange, English contract law - Theory, Market failures, Social ties - Recent views, Screening, and much more...
Author : Tom Baker
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Containing the Promise of Insurance written by Tom Baker and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This essay extends to adverse selection the critical attention provided in prior work to moral hazard. Like moral hazard, adverse selection is an old insurance concept that was adopted, formalized and generalized by economists developing the economics of information. As with moral hazard, insurance economics has addressed the phenomenon of adverse selection largely from the insurers' point of view. This essay examines how insurers create and shape adverse selection. At least in the context of insurance risk classification, there is much to be gained in thinking of adverse selection as a 'dual' problem (similar to moral hazard), meaning that actions to address adverse selection problems can lead to the de-pooling effect that motivated the actions in the first place. The first part of the essay sets forth the case for understanding adverse selection as a dual problem and highlights alternatives to insurance risk classification. The second uses three historical examples to explore moral justifications for insurance risk classification. The three examples are the 19th century controversy over age-based pricing in fraternal insurance, the mid 20th century controversy over experience rating in unemployment insurance, and the late 20th century controversy over efforts to exclude battered women from life, health and disability insurance pools. These examples demonstrate that, rather than being a neutral, technical solution to a structural dynamic inherent in the insurance relationship, risk classification reflects moral commitments.
Author : Andreas Cebulla
Publisher : Anglo-German Foundation
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.F/5 ( download)
Download or read book Unemployment and the Insurance Compensation Principle in Britain and Germany written by Andreas Cebulla and published by Anglo-German Foundation. This book was released on 2001 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
