A Dynamic Model of the Cyclical Behavior of Employment with Unemployment Insurance
Author: Jose Antonio Peris
Publisher:
Published: 1982
Total Pages: 47
ISBN-13:
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Author: Jose Antonio Peris
Publisher:
Published: 1982
Total Pages: 47
ISBN-13:
DOWNLOAD EBOOKAuthor: Michael C. Keeley
Publisher:
Published: 1984
Total Pages: 118
ISBN-13:
DOWNLOAD EBOOKAuthor: Jeremy Greenwood
Publisher: London, Ont. : Department of Economics, University of Western Ontario
Published: 1994
Total Pages: 42
ISBN-13:
DOWNLOAD EBOOKAuthor: Andrea Hornstein
Publisher: DIANE Publishing
Published: 2008-10
Total Pages: 33
ISBN-13: 1437904963
DOWNLOAD EBOOKThe behavior of unemploy. over the bus. cycle plays an important role in economic policy considerations. Most of the variation in unemploy. comes about through changes in job-finding rates. Search theories of unemploy. study the implications of the matching process between unemployed workers and vacant jobs in environments with search frictions. The authors review work on whether these theories are consistent with the cyclical behavior of unemploy. and job-finding rates. They conclude that when the basic search model is calibrated to generate labor market volatility of a magnitude comparable with the data, it has sharp counterfactual implications for the size and the cyclicality of the wage share and for the elasticity of unemploy. to welfare benefits.
Author: Andreas Pollak
Publisher: Mohr Siebeck
Published: 2007
Total Pages: 204
ISBN-13: 9783161493041
DOWNLOAD EBOOKDesigning a good unemployment insurance scheme is a delicate matter. In a system with no or little insurance, households may be subject to a high income risk, whereas excessively generous unemployment insurance systems are known to lead to high unemployment rates and are costly both from a fiscal perspective and for society as a whole. Andreas Pollak investigates what an optimal unemployment insurance system would look like, i.e. a system that constitutes the best possible compromise between income security and incentives to work. Using theoretical economic models and complex numerical simulations, he studies the effects of benefit levels and payment durations on unemployment and welfare. As the models allow for considerable heterogeneity of households, including a history-dependent labor productivity, it is possible to analyze how certain policies affect individuals in a specific age, wealth or skill group. The most important aspect of an unemployment insurance system turns out to be the benefits paid to the long-term unemployed. If this parameter is chosen too high, a large number of households may get caught in a long spell of unemployment with little chance of finding work again. Based on the predictions in these models, the so-called "Hartz IV" labor market reform recently adopted in Germany should have highly favorable effects on the unemployment rates and welfare in the long run.
Author: Alfred Tella
Publisher:
Published: 1976
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKPamphlet on the methodology of unemployment measurement and statistical analysis, with special reference to the nonsampling error in data collecting - includes a one-page bibliography, graph and statistical tables.
Author: Alejandro Justiniano
Publisher:
Published: 2011
Total Pages: 70
ISBN-13:
DOWNLOAD EBOOKWe set-up a real business cycle model with search and matching frictions driven by several shocks, which nests full Nash Bargaining and wage rigidity as special cases and includes other transmission mechanisms suggested by the literature for the propagation and amplification of disturbances. The model is estimated using full information methods for two Anglo-Saxon countries (the US and the UK), two Continental European countries (France and Germany) and two Scandinavian countries (Norway and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each country, which can then vary in terms of search and hiring costs, workers' bargaining power, unemployment benefits levels, wage rigidity and the stochastic properties of disturbances. Overall, the structural model accounts reasonably well for differences in labor market dynamics observed between the two sides of the Atlantic and within Europe. Our estimates indicate that there is considerable cross-country variation in the contribution of technology shocks to the cyclical fluctuations of the labor market. Technology shocks alone replicate remarkably well the volatility in vacancies, unemployment and finding probabilities observed in US, with mixed success in Europe. In contrast, matching shocks and job destruction shocks play a larger role in most European countries relative to the US.
Author: Marcelo Veracierto
Publisher:
Published: 2002
Total Pages: 44
ISBN-13:
DOWNLOAD EBOOKAuthor: Andrew Figura
Publisher:
Published: 2002
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOKAuthor: Zafar Nazarov
Publisher: Litres
Published: 2022-01-29
Total Pages: 19
ISBN-13: 5041500363
DOWNLOAD EBOOKThis study estimates the effect of the unemployment insurance wage replacement rate on reemployment wages in the U.S. using the sample of men in the 1996 and 2001 Surveys of Income and Program Participation. I model employment search behavior in a dynamic discrete time hazard setting with three possible outcomes: finding a full-time job, finding a part-time job, or staying unemployed (continuing the job search). I find that reemployment wages decrease with the unemployment insurance wage replacement rate. Furthermore, the wage replacement rate depresses the prospect of finding full-time work while increasing the prospect of finding part-time work.