Employment Turnover and Unemployment Insurance.

Two features distinguish European and US labor markets. First, most European countries have substantially more generous unemployment insurance. Second, the duration of unemployment and employment spells are substantially higher in Europe - employment turnover is lower. We show that self-insurance, i.e. saving and borrowing, is a good substitute for unemployment insurance when turnover is high as in US.

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Year of publication:	1997
Authors:	Hassler, J ; Rodriguez Mora, J-V
Institutions:	Institute for International Economic Studies (IIES), Stockholms Universitet
Subject:	EMPLOYMENT \| UNEMPLOYMENT \| UNEMPLOYMENT INSURANCE

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Series:	Stockholm - International Economic Studies.
Type of publication:	Book / Working Paper
Notes:	36 pages
Classification:	J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment ; J64 - Unemployment: Models, Duration, Incidence, and Job Search ; J65 - Unemployment Insurance; Severance Pay; Plant Closings
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005669823