| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP4699
|
| DP4699 Socially Responsible Trade Integration: A Political Economy Perspective |
| Thierry Verdier
|
| 发表日期 | 2004-10-23
|
| 出版年 | 2004
|
| 语种 | 英语
|
| 摘要 | We document the presence of a trade-off between unemployment benefits (UB) and employment protection legislation (EPL) in the provision of insurance against labour market risk. Different countries? locations along this trade-off represent stable, hard to modify, politico-economic equilibria. We develop a model in which voters are required to cast a ballot over the strictness of EPL, the generosity of UBs and the amount of redistribution involved by the financing of unemployment insurance. Agents are heterogeneous along two dimensions: employment status ? insiders and outsiders ? and skills ? low and high. Unlike previous work on EPL, we model employment protection as an institution redistributing among insiders, notably in favour of the low-skill workers. A key implication of the model is that configurations with strict EPL and low UB should emerge in presence of compressed wage structures. Micro data on wage premia on educational attainments and on the strictness of EPL are in line with our results. We also find empirical support to the substantive assumptions of the model on the effects of EPL. |
| 主题 | Labour Economics
; Public Economics
|
| 关键词 | Employment protection
Unemployment insurance
Political equilibria
|
| URL | https://cepr.org/publications/dp4699
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533617
|
推荐引用方式
GB/T 7714 |
Thierry Verdier. DP4699 Socially Responsible Trade Integration: A Political Economy Perspective. 2004.
|
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