G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10646
DP10646 Extended Unemployment Benefits and Early Retirement: Program Complementarity and Program Substitution
Josef Zweimüller; Stefan Staubli
发表日期2015-06-07
出版年2015
语种英语
摘要We explore how extended unemployment insurance (UI) benefits for older workers affect early retirement and welfare. We argue that extending UI benefits generates program complementarity (more labor market exits and disability benefit take-up in the future) and program substitution (less disability benefit take-up in the present). Exploiting a policy change in Austria, which extended UI benefits to 4 years, we find program complementarity effects for workers aged 50+ and program substitution effects for workers aged 55+. We apply the Baily-Chetty formula for optimal UI to account for complementarity and substitution, showing that UI benefits for older workers were too generous.
主题Labour Economics ; Public Economics
关键词Disability Early retirement Optimal benefits Policy reform Unemployment
URLhttps://cepr.org/publications/dp10646
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/539478
推荐引用方式
GB/T 7714
Josef Zweimüller,Stefan Staubli. DP10646 Extended Unemployment Benefits and Early Retirement: Program Complementarity and Program Substitution. 2015.
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