| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15465 |
| DP15465 Federal unemployment reinsurance and local labor-market policies | |
| Keith Kuester; Philip Jung; Marek Ignaszak | |
| 发表日期 | 2020-11-18 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Consider a union of atomistic member states, each faced with idiosyncratic business-cycle shocks. Private cross-border risk-sharing is limited, giving a role to a federal unemployment-based transfer scheme. Member states control local labor-market policies, giving rise to a trade-off between moral hazard and insurance. Calibrating the economy to a stylized European Monetary Union, we find notable welfare gains if the federal scheme's payouts take the member states' past unemployment level as a reference point. Member states' control over policies other than unemployment benefits can limit generosity during the transition phase. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Unemployment reinsurance Labor-market policy Fiscal federalism Search and matching |
| URL | https://cepr.org/publications/dp15465 |
| 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/544462 |
| 推荐引用方式 GB/T 7714 | Keith Kuester,Philip Jung,Marek Ignaszak. DP15465 Federal unemployment reinsurance and local labor-market policies. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
