Optimal Unemployment Insurance

Optimal Unemployment Insurance PDF 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.

Optimal Unemployment Insurance

Optimal Unemployment Insurance PDF Author: Andreas Pollak
Publisher: Mohr Siebeck
ISBN: 9783161493041
Category : Business & Economics
Languages : en
Pages : 204

Get Book Here

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.

The Effects of Unemployment Insurance on the Duration of Unemployment and Post Displacement Earnings

The Effects of Unemployment Insurance on the Duration of Unemployment and Post Displacement Earnings PDF Author: Laura Mary Woodbury
Publisher:
ISBN:
Category :
Languages : en
Pages : 114

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Book Description


Unemployment Insurance Reform

Unemployment Insurance Reform PDF Author: David E. Balducchi
Publisher: W.E. Upjohn Institute
ISBN: 0880996528
Category : Political Science
Languages : en
Pages : 247

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Book Description
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.

Effects of Unemployment Insurance Entitlement on Duration and Job Search Outcome

Effects of Unemployment Insurance Entitlement on Duration and Job Search Outcome PDF Author: Arlene Holen
Publisher:
ISBN:
Category : Unemployed
Languages : en
Pages : 98

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Book Description


How the Government Measures Unemployment

How the Government Measures Unemployment PDF Author: United States. Bureau of Labor Statistics
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 24

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Book Description


Unemployment Insurance

Unemployment Insurance PDF Author: W. Lee Hansen
Publisher: Univ of Wisconsin Press
ISBN: 9780299123543
Category : Business & Economics
Languages : en
Pages : 506

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Book Description
Modeled after Wisconsin's own unemployment compensation plan in the 1930s, federal unemployment insurance has long been considered one of the most important public policy achievements of the New Deal. Always paying benefits according to legislative and administrative guidelines and never requiring a taxpayer bailout, the program has nonetheless undergone strains induced by structural changes in both the economy and the prevailing political milieu. An outgrowth of a conference to celebrate the program's fiftieth anniversary, the papers collected in this volume describe the history of the program, analyze the strains it has undergone and that it faces in the 1990s, delineate the source of current debates over unemployment compensation, and offer suggestions for the future of the program.

Designing Labor Market Institutions in Emerging and Developing Economies

Designing Labor Market Institutions in Emerging and Developing Economies PDF Author: Mr.Romain A Duval
Publisher: International Monetary Fund
ISBN: 1498313264
Category : Business & Economics
Languages : en
Pages : 58

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Book Description
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.

Terror as a Bargaining Instrument

Terror as a Bargaining Instrument PDF Author: Francis Bloch
Publisher: World Bank Publications
ISBN:
Category : Benef Children
Languages : en
Pages : 36

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Book Description
Some aspects of violent behavior are linked to economic incentives. In India, domestic violence is used as a bargaining instrument, to extract larger dowries from a wife's family after the marriage has taken place.

Labor Market Flexibility and Unemployment

Labor Market Flexibility and Unemployment PDF Author: Mr.Lorenzo E. Bernal-Verdugo
Publisher: International Monetary Fund
ISBN: 1463938411
Category : Business & Economics
Languages : en
Pages : 28

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Book Description
The aim of this paper is to analyze the relationship between labor market flexibility and unemployment outcomes. Using a panel of 97 countries from 1985 to 2008, the results of the paper suggest that improvements in labor market flexibility have a statistically and significant negative impact on unemployment outcomes (over unemployment, youth unemployment and long-term unemployment). Among the different labor market flexibility indicators analyzed, hiring and firing regulations and hiring costs are found to have the strongest effect.

Brookings Papers on Economic Activity: Spring 2017

Brookings Papers on Economic Activity: Spring 2017 PDF Author: Janice Eberly
Publisher: Brookings Institution Press
ISBN: 081573252X
Category : Business & Economics
Languages : en
Pages : 484

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Book Description
Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.