Optimal Unemployment Insurance

Optimal Unemployment Insurance
Author: Andreas Pollak
Publisher: Mohr Siebeck
Total Pages: 204
Release: 2007
Genre: Business & Economics
ISBN: 9783161493041

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Designing 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.

Inflation, Unemployment, and Monetary Policy

Inflation, Unemployment, and Monetary Policy
Author: Robert M. Solow
Publisher: MIT Press
Total Pages: 140
Release: 1998
Genre: Business & Economics
ISBN: 9780262692229

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Edited and with an introduction by Benjamin M. Friedman The connection between price inflation and real economic activity has been a focus of macroeconomic research--and debate--for much of the past century. Although this connection is crucial to our understanding of what monetary policy can and cannot accomplish, opinions about its basic properties have swung widely over the years. Today, virtually everyone studying monetary policy acknowledges that, contrary to what many modern macroeconomic models suggest, central bank actions often affect both inflation and measures of real economic activity, such as output, unemployment, and incomes. But the nature and magnitude of these effects are not yet understood. In this volume, Robert M. Solow and John B. Taylor present their views on the dilemmas facing U.S. monetary policymakers. The discussants are Benjamin M. Friedman, James K. Galbraith, N. Gregory Mankiw, and William Poole. The aim of this lively exchange of views is to make both an intellectual contribution to macroeconmics and a practical contribution to the solution of a public policy question of central importance.

Unemployment Insurance in the United States

Unemployment Insurance in the United States
Author: Christopher J. O'Leary
Publisher: W. E. Upjohn Institute
Total Pages: 792
Release: 1997
Genre: Business & Economics
ISBN:

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Discusses the unemployment insurance system in which programmes are operated by each state within the minimum standards established by the federal government.

Unemployment Insurance Reform

Unemployment Insurance Reform
Author: David E. Balducchi
Publisher: W.E. Upjohn Institute
Total Pages: 247
Release: 2018-09-11
Genre: Political Science
ISBN: 0880996528

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The Unemployment Insurance (UI) system is a lasting piece of the Social Security Act which was enacted in 1935. But like most things that are over 80 years old, it occasionally needs maintenance to keep it operating smoothly while keeping up with the changing demands placed upon it. However, the UI system has been ignored by policymakers for decades and, say the authors, it is broken, out of date, and badly in need of repair. Stephen A. Wandner pulls together a group of UI researchers, each with decades of experience, who describe the weaknesses in the current system and propose policy reforms that they say would modernize the system and prepare us for the next recession.

Actively Seeking Work?

Actively Seeking Work?
Author: Desmond King
Publisher: University of Chicago Press
Total Pages: 348
Release: 1995-03-15
Genre: Business & Economics
ISBN: 0226436225

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Integrating archival and documentary materials with an analysis of the sources of political support for work-welfare programmes, this work examines the reasons behind the lack of effective training and work programmes for the unemployed in Great Britain and the United States.

How the Government Measures Unemployment

How the Government Measures Unemployment
Author: United States. Bureau of Labor Statistics
Publisher:
Total Pages: 24
Release: 1987
Genre: Government publications
ISBN:

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Extended Unemployment Compensation Program

Extended Unemployment Compensation Program
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Public Assistance and Unemployment Compensation
Publisher:
Total Pages: 104
Release: 1986
Genre: Supplemental unemployment benefits
ISBN:

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Studies in public policy

Studies in public policy
Author: National Council for the Social Studies. Task Force on Work and Unemployment
Publisher:
Total Pages: 120
Release: 1977
Genre: Social policy
ISBN:

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Modelling Unemployment Insurance

Modelling Unemployment Insurance
Author: Paola Potestio
Publisher: Springer Nature
Total Pages: 182
Release: 2022-01-28
Genre: Business & Economics
ISBN: 3030913198

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This book examines unemployment insurance policy through a survey, taking stock of the theoretical work in the field of labor economics. It closely follows and assesses developments in the modelling of optimal unemployment insurance (UI) policies, beginning with the initial analytical findings produced in the second half of the 1970s. A main part of the survey is devoted to the two basic strands of analysis about, respectively, the optimal level of UI benefits and the optimal time profile of UI policy. The book has two different objectives. The first is to provide an essential summary of the individual models, with the intention of underscoring how a number of specific messages for the policy-maker can be derived from analytical constructions. It further emphasizes and comments on what the models deliver to UI policy-makers. The second objective is to stress the importance and extension of open questions in the field of the theoretical approach to the unemployment insurance issue. The survey discusses the multiplicity of heterogeneities of the labor world in particular as relevant for UI issues on the one side, and on the other hand, the independence of the two basic choices of UI policy, its meaning and its limits, and the possible forms of complementarity between these choices. The book is a must-read for researchers, students, and policy-makers interested in a better understanding of the field of labor economics in general, as well as unemployment insurance policies in particular.