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Author:
Publisher:
ISBN:
Category : Insurance, Unemployment
Languages : en
Pages : 200
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Book Description
Author:
Publisher:
ISBN:
Category : Insurance, Unemployment
Languages : en
Pages : 200
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : Unemployment insurance
Languages : en
Pages : 200
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Book Description
Author: Jose Antonio Peris
Publisher:
ISBN:
Category :
Languages : en
Pages : 47
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Author: Zafar Nazarov
Publisher: Litres
ISBN: 5041500363
Category : Business & Economics
Languages : en
Pages : 19
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Book Description
This study estimates the effect of the unemployment insurance wage replacement rate on reemployment wages in the U.S. using the sample of men in the 1996 and 2001 Surveys of Income and Program Participation. I model employment search behavior in a dynamic discrete time hazard setting with three possible outcomes: finding a full-time job, finding a part-time job, or staying unemployed (continuing the job search). I find that reemployment wages decrease with the unemployment insurance wage replacement rate. Furthermore, the wage replacement rate depresses the prospect of finding full-time work while increasing the prospect of finding part-time work.
Author: Marc P. Freiman
Publisher:
ISBN:
Category : Insurance, Unemployment
Languages : en
Pages : 44
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Author: Min Zhang
Publisher:
ISBN: 9780494608999
Category :
Languages : en
Pages : 0
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Book Description
This thesis examines a number of issues regarding the Mortensen-Pissarides search and matching model's empirical performance. Chapter 1 documents the volatility puzzle with the Canadian data. The combined data from both Canada and the United States present an additional difficulty. Even if the unobserved value of leisure is allowed to be as high as required to fit the business cycle in the United States or in Canada, the model cannot reconcile the similar labor cycles with the large policy differences in the UI benefits and income taxes in the two countries when the value of leisure is assumed to be the same in both countries. Chapter 2 takes into account the realistic institutional features of the UI system and investigates the impacts of the UI benefits on the labor market outcomes. If entitlement to UI benefits must be earned with employment, generous UI is an additional benefit to an employment relationship, so it promotes job creation. If individuals are risk neutral, UI is fairly priced, and the UI system prevents moral-hazard unemployed workers, the generosity of UI has no effect on unemployment. Chapter 3 shows that the Mortensen-Pissarides search and matching model can be successfully parameterized to generate observed large cyclical fluctuations in unemployment and modest responses of unemployment to changes in the UI benefits. The key features behind this success are the endogenous eligibility for UI benefits and the heterogeneity of workers. With the linear utilities commonly assumed in the Mortensen-Pissarides model, a fully rated UI system designed to prevent moral hazard has no effect on unemployment. However, the UI system in the United States is neither fully rated nor able to prevent workers with low productivity from quitting their jobs or rejecting employment offers to collect benefits. As a result, an increase in UI generosity has a positive, but realistically small, effect on unemployment. This chapter answers the Costain and Reiter (2008) criticism with the Mortensen-Pissarides model.
Author: Andreas Pollak
Publisher: Mohr Siebeck
ISBN: 9783161493041
Category : Business & Economics
Languages : en
Pages : 204
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Book Description
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: Victoria L. Prowse
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781976434952
Category :
Languages : en
Pages : 28
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Book Description
Unemployment Insurance (UI) has been a key component in ensuring the financial security of America's workforce for over 70 years. In fiscal year 2004, UI covered about 129 million wage and salary workers and paid about $41 billion in benefits to nearly 9 million workers. With unemployed workers at a greater risk of long-term unemployment than in the past, it is increasingly important to understand how individual workers are being served by UI. This testimony draws upon the results of three GAO reports providing new information about (1) the extent to which individual workers ever receive UI benefits or receive benefits multiple times, (2) the types of workers who are more likely to receive UI, and (3) what is known about the extent to which UI beneficiaries receive reemployment services and their reemployment outcomes. GAO is not making new recommendations at this time. The Department of Labor (Labor) generally agreed with the findings from each of the three reports on UI, but took issue with GAO's recommendation that the Secretary work with states to consider collecting more comprehensive
Author:
Publisher:
ISBN:
Category : Insurance, Unemployment
Languages : en
Pages : 178
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Book Description
