Studies on Optimal Unemployment Insurance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Studies on Optimal Unemployment Insurance write by Tim Mennel. This book was released on 2004. Studies on Optimal Unemployment Insurance available in PDF, EPUB and Kindle.
Optimal Unemployment Insurance
Optimal Unemployment Insurance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Optimal Unemployment Insurance write by Andreas Pollak. This book was released on 2007. Optimal Unemployment Insurance available in PDF, EPUB and Kindle. 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.
Optimal Unemployment Insurance in a Job Search
Optimal Unemployment Insurance in a Job Search - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Optimal Unemployment Insurance in a Job Search write by Gerard Tano. This book was released on 2012-10-12. Optimal Unemployment Insurance in a Job Search available in PDF, EPUB and Kindle.
Optimal Unemployment Insurance Over the Business Cycle
Optimal Unemployment Insurance Over the Business Cycle - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Optimal Unemployment Insurance Over the Business Cycle write by Camille Landais. This book was released on 2010. Optimal Unemployment Insurance Over the Business Cycle available in PDF, EPUB and Kindle. 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
Optimal Unemployment Insurance
Optimal Unemployment Insurance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Optimal Unemployment Insurance write by Carl Davidson. This book was released on 1995. Optimal Unemployment Insurance available in PDF, EPUB and Kindle.
