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This contribution develops a blueprint for a European fiscal union. The proposal addresses the shortcomings of most other reform designs which do not offer a solution for insolvent or noncooperative euro countries. We suggest a design which combines fiscal insurance with an orderly procedure to...
Persistent link: https://www.econbiz.de/10011300749
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed …-term unemployment and find that it would have absorbed a significant fraction of the unemployment shock in the recent crisis. However, 5 …
Persistent link: https://www.econbiz.de/10010425498
Persistent link: https://www.econbiz.de/10001999187
We compare information on the length of unemployment spells contained in the IAB employment subsample (IABS) and in the … German Socio-Economic Panel (GSOEP). Due to the lack of information on registered unemployment in the IABS, we use two … proxies of unemployment in the IABS as introduced by Fitzenberger/Wilke (2004). The first proxy comprises all periods of …
Persistent link: https://www.econbiz.de/10002590971
duration of unemployment. Empirical results for the reform of the unemployment compensation system in Germany during the 1980s …Economic theory suggests that an extension of the maximum length of entitlement for unemployment benefits increases the … unemployment is not directly observed. For this reason we bound the reform effect on unemployment duration over different …
Persistent link: https://www.econbiz.de/10002821762
changes in the unemployment compensation system enacted in Germany during the 1980s and 1990s to demonstrate that incentivesʺ … rates of their younger peers during the 1980s and 1990s, when unemployment benefits got increasingly generous, thereby …
Persistent link: https://www.econbiz.de/10002906063
Persistent link: https://www.econbiz.de/10003314698
migration of unemployed workers in Germany. Our findings weakly indicate that reducing the entitlement length for unemployment … dependent competing risks. We apply our framework to empirically evaluate the effect of unemployment benefits on observed …
Persistent link: https://www.econbiz.de/10003517267
periods and the size of unemployment benefits on unemployment durations and post{unemployment earnings in West Germany. For … the unemployment duration, we estimate censored Box{Cox quantile regression, which is robust with respect to the … the length of benefit entitlement is only of minor importance for the duration of search unemployment and for post …
Persistent link: https://www.econbiz.de/10003435417
In 1997, the German government enacted a reform of the unemployment insurance system which lead to a reduction of the … maximum entitlement length for unemployment benefits. The paper analyses the effects of this reform on the risk of … unemployment and on unemployment duration of the older unemployed aged 54-56. This group lost a smooth early retirement path via …
Persistent link: https://www.econbiz.de/10003671087