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Unemployment insurance with endogenous search intensity and precautionary saving
Costain, James - Department of Economics and Business, Universitat … - 1997
A welfare analysis of unemployment insurance (UI) is performed in a general equilibrium job search model. Finitely-lived, risk-averse workers smooth consumption over time by accumulating assets, choose search effort when unemployed, and suffer disutility from work. Firms hire workers, purchase...
Persistent link: https://www.econbiz.de/10005772360
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A positive theory of geographic mobility and social insurance
Hassler, John; Mora, José V. Rodríguez; Storesletten, … - Department of Economics and Business, Universitat … - 2001
This paper presents a tractable dynamic general equilibrium model that can explain cross-country empirical regularities in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance (UI), taking the dynamic distortionary effects of...
Persistent link: https://www.econbiz.de/10005827462
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On the quantitative importance of wage bargaining models
Costain, James S. - Department of Economics and Business, Universitat … - 1998
Four general equilibrium search models are compared quantitatively. The baseline framework is a calibrated macroeconomic model of the US economy designed for a welfare analysis of unemployment insurance policy. The other models make three simple and natural specification changes, regarding tax...
Persistent link: https://www.econbiz.de/10005772499
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Equilibrium unemployment insurance
Hassler, John; Mora, José V. Rodríguez; Storesletten, … - Department of Economics and Business, Universitat … - 1998
In this paper, we incorporate a positive theory of unemployment insurance into a dynamic overlapping generations model with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by identical rational agents, but differing in the initial distribution...
Persistent link: https://www.econbiz.de/10005704937
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Stabilization versus insurance: Welfare effects of procyclical taxation under incomplete markets
Costain, James S.; Reiter, Michael - Department of Economics and Business, Universitat … - 2004
We construct and calibrate a general equilibrium business cycle model with unemployment and precautionary saving. We compute the cost of business cycles and locate the optimum in a set of simple cyclical fiscal policies. Our economy exhibits productivity shocks, giving firms an incentive to hire...
Persistent link: https://www.econbiz.de/10005707978
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The impact of firing costs on turnover and unemployment: Evidence from the Colombian labour market reform
Kugler, Adriana D. - Department of Economics and Business, Universitat … - 1999
Reductions in firing costs are often advocated as a way of increasing the dynamism of labour markets in both developed and less developed countries. Evidence from Europe and the U.S. on the impact of firing costs has, however, been mixed. Moreover, legislative changes both in Europe and the U.S....
Persistent link: https://www.econbiz.de/10005772103
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Hiring and firing costs, adverse selection and long-term unemployment
Kugler, Adriana D.; Paul, Gilles Saint - Department of Economics and Business, Universitat … - 2000
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment are much lower in Europe compared to North America, while employment-to-employment flows are similar in the two continents. In the model,firms use discretion in terms of whom to...
Persistent link: https://www.econbiz.de/10005572594
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Unemployment vs. mismatch of talents: Reconsidering unemployment benefits
Marimon, Ramon; Zilibotti, Fabrizio - Department of Economics and Business, Universitat … - 1997
We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The predictions of our simple model are consistent with the...
Persistent link: https://www.econbiz.de/10005704854
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Die Reform der deutschen Arbeitslosenversicherung vor dem Hintergrund ihrer Geschichte
Glismann, Hans H.; Schrader, Klaus - 2002 - [Elektronische Ressource]
Die Rolle der deutschen Arbeitslosenversicherung wird für vier Perioden seit 1871 daraufhin analysiert, ob man bei der … Suche nach einem effizienten System der Arbeitslosenversicherung aus der Geschichte lernen kann. Die vier Perioden (Periode … die heutige Arbeitslosenversicherung in ihren Kernelementen auf das Jahr 1927 zurück-geht. Als Kernelemente werden die …
Persistent link: https://www.econbiz.de/10010488636
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The effects of employment uncertainty and wealth shocks on the labor supply and claiming behavior of older American workers
Benítez-Silva, Hugo; García-Pérez, J. Ignacio; … - Department of Economics and Business, Universitat … - 2011
retirement and claiming decisions in terms of the employment, wage, health, and mortality uncertainty faced by individuals. Our … Early Retirement Age, while still explaining the increased claiming hazard at the Normal Retirement Age. We also discuss … remained very high in the last years even as the early retirement penalties have increased substantially compared with previous …
Persistent link: https://www.econbiz.de/10009147823