realistically calibrated model of the U.S. economy the two effects nearly offset each other - the optimal rate of asset-testing is …We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state …

realistically calibrated model of the U.S. economy the two effects nearly offset each other - the optimal rate of asset-testing is …We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state …

realistically calibrated model of the U.S. economy the two effects nearly offset each other – the optimal rate of asset-testing is …We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state …

realistically calibrated model of the U.S. economy the two effects nearly offset each other—the optimal rate of asset-testing is …We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state …

are equivalent to 1.5% of the annual consumption. We show that asset testing can achieve a similar outcome but only if …

realistically calibrated model of the U.S. economy the two effects nearly offset each other - the optimal rate of asset-testing is …We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state …

realistically calibrated model of the U.S. economy the two effects nearly offset each other - the optimal rate of asset-testing is …We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state …

. Optimal asset testing is weak and yields negligible welfare gains. The optimal replacement rate of an unemployed worker with … equivalent terms. We develop a general welfare decomposition for heterogeneous agent models with transitional dynamics. Asset … testing creates welfare gains due to redistribution and additional consumption during the transition phase, and welfare losses …