Optimal Unemployment Insurance
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Optimal Unemployment Insurance
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Author : Carl Davidson
language : en
Publisher:
Release Date : 1995
Optimal Unemployment Insurance written by Carl Davidson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Unemployment insurance categories.
Optimal Unemployment Insurance
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Author : Andreas Pollak
language : en
Publisher: Mohr Siebeck
Release Date : 2007
Optimal Unemployment Insurance written by Andreas Pollak and has been published by Mohr Siebeck this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
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.
Studies On Optimal Unemployment Insurance
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Author : Tim Mennel
language : en
Publisher:
Release Date : 2004
Studies On Optimal Unemployment Insurance written by Tim Mennel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Optimal Unemployment Insurance And International Risk Sharing
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Author : Stéphane Moyen
language : en
Publisher:
Release Date : 2016
Optimal Unemployment Insurance And International Risk Sharing written by Stéphane Moyen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Modelling Unemployment Insurance
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Author : Paola Potestio
language : en
Publisher: Springer Nature
Release Date : 2022-01-28
Modelling Unemployment Insurance written by Paola Potestio and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-28 with Business & Economics categories.
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.
An Adverse Selection Model Of Optimal Unemployment Insurance
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Author : Marcus Hagedorn
language : en
Publisher:
Release Date : 2007
An Adverse Selection Model Of Optimal Unemployment Insurance written by Marcus Hagedorn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
A General Formula For The Optimal Level Of Social Insurance
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Author : Raj Chetty
language : en
Publisher:
Release Date : 2005
A General Formula For The Optimal Level Of Social Insurance written by Raj Chetty and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Social security categories.
In an influential paper, Baily (1978) showed that the optimal level of unemployment insurance (UI) in a stylized static model depends on only three parameters: risk aversion, the consumption-smoothing benefit of UI, and the elasticity of unemployment durations with respect to the benefit rate. This paper examines the key economic assumptions under which these parameters determine the optimal level of social insurance. A Baily-type expression, with an adjustment for precautionary saving motives, holds in a very general class of dynamic models subject to weak regularity conditions. For example, the simple reduced-form formula derived here applies with arbitrary borrowing constraints, endogenous insurance markets, and search and leisure benefits of unemployment. A counterintuitive aspect of this result is that the optimal benefit rate appears not to depend on (1) any benefit of UI besides consumption-smoothing or (2) the relative magnitudes of income and substitution effects in the link between UI benefits and durations. However, these parameters enter implicitly in the optimal benefit calculation, and estimating them can be useful in testing whether the values of the primary inputs are consistent with observed behavior.
Search Theory And Unemployment
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Author : Stephen A. Woodbury
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Search Theory And Unemployment written by Stephen A. Woodbury and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Search Theory and Unemployment contains nine chapters that survey and extend the theory of job search and its application to the problem of unemployment. The volume ranges from surveys of job search theory that take microeconomic and macroeconomic perspectives to original theoretical contributions which focus on the externalities arising from non-sequential search and search under imperfect information. It includes a clear and authoritative survey of econometric methods that have been developed to estimate models of job search, as well as two lucid contributions to the empirical search literature. Finally, it includes a study that reviews and extends the literature on optimal unemployment insurance and concludes with an appraisal of the influence of search theory on the thinking of macroeconomic policymakers.
Unemployment Benefits Versus Conditional Negative Income Taxes
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Author : Mr.Dennis J. Snower
language : en
Publisher: International Monetary Fund
Release Date : 1995-07-01
Unemployment Benefits Versus Conditional Negative Income Taxes written by Mr.Dennis J. Snower and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-07-01 with Business & Economics categories.
The paper analyzes the wage-employment effects of replacing unemployment benefits by negative income taxes. It first surveys the major equity and efficiency effects of unemployment benefits versus negative income taxes, and summarizes the salient features of many European unemployment benefit systems in this light. Second, it presents a simple theoretical model that focuses on the relative wage-employment effects of unemployment benefits versus negative income taxes. Finally, it provides some empirical groundwork for assessing this relative effect
Unemployment Insurance And Redistributive Taxation
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Author : Robin W. Boadway
language : en
Publisher: Kingston, Ont. : Institute for Economic Research, Queen's University
Release Date : 1982
Unemployment Insurance And Redistributive Taxation written by Robin W. Boadway and has been published by Kingston, Ont. : Institute for Economic Research, Queen's University this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Income tax categories.