Our study compares the efficiency of unemployment insurance programs in a state union. A centralized insurance will pool the cost of unemployment; this results in a collective bargaining in the member states, which leads to excessively high wages and inefficient insurance. Those high wages...

Our study compares the efficiency of unemployment insurance programs in a state union. A centralized insurance pools the cost of unemployment which implies a collective bargaining in the countries that leads to excessively high wages and inefficient insurance. Those high wages attract workers...

Our study compares the efficiency of unemployment insurance programs in a state union. A centralized insurance pools the cost of unemployment which implies a collective bargaining in the countries that leads to excessively high wages and inefficient insurance. Those high wages attract workers...