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depreciation upon job loss—and its interaction with labor market institutions. We have three main results, based on a life … between turbulence and institutions explains most of the reduction in labor force participation among older workers in Europe … over this period, but ultimately explains little of the rise in unemployment. Third, only a small share of the increase in …
Persistent link: https://www.econbiz.de/10011994453
While there is a fairly broad consensus regarding the potential adverse effects of generous unemployment benefit …. Findings indicate that although it takes time for unemployment benefit reforms to pay off, such reforms do not appear to entail … any negative short-run effects. There is however some suggestive evidence that reducing unemployment benefits could have …
Persistent link: https://www.econbiz.de/10009728798
We study unemployment insurance in a framework where the main source of heterogeneity among agents is the type of … aggregate wealth moments. Our central finding is that changes to the current unemployment insurance program are valued … differently by married and single households. In particular, a more generous unemployment insurance reduces the welfare of married …
Persistent link: https://www.econbiz.de/10012202383
influencing the risk perception of insurance policyholders namely, political-legal, market fluctuations, crime and unemployment …
Persistent link: https://www.econbiz.de/10014436084
unemployment benefits. We use the 1999 unemployment insurance reform of Portugal, a quasi-natural experiment. The reform increased … the maximum duration of benefits for three groups of agents and maintained all features of the unemployment insurance for … successfully predicts the effects on the unemployment rate, the labor force participation, and the levels of unemployment and …
Persistent link: https://www.econbiz.de/10011710699
paper examines the effect of labor-market institutions on the fluctuations of age-specific unemployment rates based on panel …The way age-specific unemployment rates fluctuate over the business cycle differs significantly across countries. This …
Persistent link: https://www.econbiz.de/10009728804
The Unemployment Insurance (UI) system in the United States has played a decisive lifeline role in effectively … before - despite that the average duration of unemployment had almost doubled in the aftermath of the Great Recession. The … introduce - for example in Europe - a common unemployment insurance scheme for macroeconomic stabilization. …
Persistent link: https://www.econbiz.de/10014414017
Purpose This paper explores the evidence of a long-run co-movement between aggregate unemployment insurance spending … and the labor force participation rate in the USA. The unemployment insurance (UI) program tends to expand during an … economic downturn and contract during an expansion. UI may incentivize unemployment and may also facilitate better matching in …
Persistent link: https://www.econbiz.de/10014418035
Persistent link: https://www.econbiz.de/10011696655
The paper investigates the working of the unemployment insurance and social assistance systems during Slovenia …'s transition, when both systems came under increased pressure. It describes unemployment insurance and social assistance programs …
Persistent link: https://www.econbiz.de/10005166730