An Empirical Investigation of the Impact of Unemployment Insurance on Unemployment Duration and Wages Following Unemployment
Author: Gillian Hunter
Publisher:
Published: 1990
Total Pages: 486
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author: Gillian Hunter
Publisher:
Published: 1990
Total Pages: 486
ISBN-13:
DOWNLOAD EBOOKAuthor: Raymond P. H. Fishe
Publisher:
Published: 1980
Total Pages: 124
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.
Author: Arlene Holen
Publisher:
Published: 1973
Total Pages: 66
ISBN-13:
DOWNLOAD EBOOKAuthor: Milan Vodopivec
Publisher: World Bank Publications
Published: 1995
Total Pages: 44
ISBN-13:
DOWNLOAD EBOOKAuthor: Gerard G. Tano
Publisher:
Published: 2012
Total Pages: 144
ISBN-13:
DOWNLOAD EBOOKCountries with unemployment insurance (UI) program can effectively conduct a labor market policy and observe the flow of unemployed-employed. But should we just hand UI over to anyone who has no job? Do individual response to the program in terms of their decision to work or to enjoy more leisure unanimously the same across leisure type characteristic individuals? In a heterogeneous constructed labor search market we derive that introduction of the UI program increases the wage gap between the different individuals when the program impacts the productivity of firm positively. In an empirical investigation of the impact of unemployment benefits on the duration of unemployment using a job search model, the author specifies a distribution of duration of unemployment that was estimated using maximum likelihood estimation and find that there is in the National Longitudinal Survey of Youth (NLSY 97), 3 types of individuals, and the type of leisure individuals present an adverse response to the program: An increase in UI for the highest leisure type leads to a longer duration of unemployment. Whereas the lowest values of leisure do not tend to have an extended duration of unemployment from a positive change in UI. Finally, the response for the type 2 individuals is completely ambiguous as it could either see them having a prolonged duration of unemployment or a shortened period with no work. So a selective increase in unemployment insurance to those with a relatively low value of leisure may decrease the equilibrium rate of unemployment. The second part of the dissertation focuses on modeling money demand and shocks in Cote D'Ivoire for the period of 1960-2009. Unlike Drama and Yao (2010) our result suggests M1 is not in a long-run equilibrium with its determinants real income and expected inflation and therefore unstable. However, the broad definition M2 is cointegrated with its long-run determinants and it is therefore the most appropriate definition of money for the Cote D'Ivoire economy. As a consequence M2 can be used as an alternative to the interest rate as a long run monetary policy instrument.
Author: Eckhard Wurzel
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 252
ISBN-13: 3642502989
DOWNLOAD EBOOKIn contemporary labor economics increasing attention is paid to the fact that unemployment is not only a stock but also a flow phenomenon. The present micro-econometric study analyses the impact of important socio-economic characteristics on unemployment duration in West Germany. Based on a search theoretic framework unemployment duration is considered as a stochastic process whose evolution is influenced by economicand demographic variables like unemployment benefits, expected wage offers, training and age. This is modeled by application of the concept of the hazard rate which denotes the conditional exit rate from unemployment over time given elapsed unemployment duration. Contrasting more traditional models a semi-parametric approachis chosen which reduces the danger of mis-specification of the stochastic duration process. This procedure also is particularly suitable for the analysis of grouped observations on unemployment duration typically generated by longitudinal data sets as the German "Socio-Economic Panel" which is utilized for this study. Besides deriving a set of empirical results on unemployment duration in West Germanymethodological issues of duration analysis are considered with particular attention paid to the impact of the sample design. Also, important outcomes from search theory and findings from other hazard rate analysesare surveyed.
Author: Jan C. van Ours
Publisher: World Bank Publications
Published: 2006
Total Pages: 33
ISBN-13:
DOWNLOAD EBOOKThis paper investigates how the potential duration of unemployment benefits affects the quality of post-unemployment jobs. It takes advantage of a natural experiment introduced by a change in Slovenia's unemployment insurance law that substantially reduced the potential benefit duration. Although this reduction strongly increased job finding rates, the quality of the post-unemployment jobs remained unaffected. The paper finds that the law change had no effect on the type of contract (temporary versus permanent), the duration of the post-unemployment job, or the wage earned in the job.
Author:
Publisher:
Published: 1999
Total Pages: 178
ISBN-13:
DOWNLOAD EBOOKAuthor: Stephen A. Woodbury
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 244
ISBN-13: 9401002355
DOWNLOAD EBOOKSearch Theory and Unemployment contains nine chapters that survey and extend the theory of job search and its application to the problem of unemployment. The volume ranges from surveys of job search theory that take microeconomic and macroeconomic perspectives to original theoretical contributions which focus on the externalities arising from non-sequential search and search under imperfect information. It includes a clear and authoritative survey of econometric methods that have been developed to estimate models of job search, as well as two lucid contributions to the empirical search literature. Finally, it includes a study that reviews and extends the literature on optimal unemployment insurance and concludes with an appraisal of the influence of search theory on the thinking of macroeconomic policymakers.