precautionary saving and a shift toward safer assets in the years leading up to unemployment, and depletion of savings during … unemployment. This suggests that at least some households can foresee and prepare for upcoming unemployment, which indicates that … private savings can to some extent serve as a substitute for publicly provided unemployment insurance. …

precautionary saving and a shift toward safer assets in the years leading up to unemployment, and depletion of savings during … unemployment. This suggests that at least some households can foresee and prepare for upcoming unemployment, which indicates that … private savings can complement publicly provided unemployment insurance. …

abolished the dependence of unemployment insurance benefits on the elapsed unemployment duration and simultaneously introduced … unemployment duration is positive and significant. Neglecting selectivity leads to an underestimation of the effects in absolute …

abolished the dependence of unemployment insurance benefits on the elapsed unemployment duration and simultaneously introduced … unemployment duration is positive and significant. Neglecting selectivity leads to an underestimation of the effects in absolute …

In this study we examine the contribution of severance pay to employment and unemployment development using data on …-varying labor market institutions. While the positive effect of severance pay on unemployment garners some support, there is no real …

mainly on dismissals protection, distinguishing between the themes of employment and unemployment development and labor … market dynamics proper. Our discussion of employment and unemployment largely deals with the effect of employment protection …

predictions of the model change very little, but the welfare costs of unemployment are much larger because unemployment risk is … distributed unequally across workers. As a result, optimal unemployment insurance may be higher and welfare is lower if hiring is …