| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10167 |
| DP10167 Optimal Life Cycle Unemployment Insurance | |
| Claudio Michelacci; Hernán Ruffo | |
| 发表日期 | 2014-09-28 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We argue that US welfare would rise if unemployment insurance were increased for younger and decreased for older workers. This is because the young tend to lack the means to smooth consumption during unemployment and want jobs to accumulate high-return human capital. So unemployment insurance is most valuable to them, while moral hazard is mild. By calibrating a life cycle model with unemployment risk and endogenous search effort, we find that allowing unemployment replacement rates to decline with age yields sizeable welfare gains to US workers. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Insurance Search Unemployment |
| URL | https://cepr.org/publications/dp10167 |
| 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/539000 |
| 推荐引用方式 GB/T 7714 | Claudio Michelacci,Hernán Ruffo. DP10167 Optimal Life Cycle Unemployment Insurance. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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