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There is wide concern that migration flows may undermine the financial viability of generous welfare arrangements. The … workers. However, this overlooks how welfare arrangements affect return-migration in case of social events like job loss …. Importantly, migrants are shown to be self-selected in a way affecting both migration and return-migration. Two migration regimes …
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This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first is the effect of liability on incentives, both whether to engage in activities (for instance, whether to drive) and how much care to exercise (at what speed to travel) to...
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The consequences of business cycle contingencies in unemployment insurance systems are considered in a search-matching model allowing for shifts between "good" and "bad" states of nature. We show that not only is there an insurance argument for such contingencies, but there may also be an...
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