In this paper we compare the welfare effects of unemployment insurance (UI) with an universal basic income (UBI) system … shocks. While the unemployment insurance program should do a better job at protecting the unemployed, it suffers from moral …

robust to the variations in the relative bargaining power of workers and different specifications of unemployment benefit … unemployment benefit depends on past wages. …

labor demand. Tightening eligibility to short-time work benefits tends to reduce the wage while the impact on unemployment …

In dynamic wage bargaining models it is usually assumed that individual unemployment benefits are a fraction of the … average wage level. In most countries, however, unemployment benefits are instead tied to the previous level of individually … wage-setting curve with outcomes under other unemployment compensation schemes. In particular, we show that the widely used …

Several European countries have reformed their labor market institutions. Incentive effects of unemployment benefits … have been an important aspect of these reforms. We analyze this issue in a principal-agent model, focusing on unemployment … levels and labor productivity. In our model, a higher level of unemployment benefits improves the works position in wage …

frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. -- Business cycles ; labor markets ; payroll taxes ; unemployment …

This paper analyzes optimal insurance against unemployment and disability in a private information economy with … unemployment, decreasing benefits are not necessarily optimal in this setting. The prevention constraint implies increasing … decreasing during unemployment. -- Unemployment insurance ; Disability insurance ; Optimal contracts …

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 … selective. -- Labor market models ; welfare ; optimal unemployment insurance …

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 … selective. -- labor market models ; welfare ; optimal unemployment insurance …