Unemployment insurance and the role of self-insurance
Publication
, Journal Article
Abdulkadiroǧlu, A; Kuruşçu, B; Şahin, A
Published in: Review of Economic Dynamics
January 1, 2002
This paper employs a dynamic general equilibrium model to design and evaluate long-term unemployment insurance plans (plans that depend on workers' unemployment history) in economies with and without hidden savings. We show that optimal benefit schemes and welfare implications differ considerably in these two economies. Switching to long-term plans can improve welfare significantly in the absence of hidden savings. However, welfare gains are much lower when we consider hidden savings. Therefore, we argue that switching to long-term plans should not be a primary concern from a policy point of view. Journal of Economic Literature Classification Numbers: J65, D82. © 2002 Elsevier Science (USA).
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Published In
Review of Economic Dynamics
DOI
ISSN
1094-2025
Publication Date
January 1, 2002
Volume
5
Issue
3
Start / End Page
681 / 703
Related Subject Headings
- Economics
- 3803 Economic theory
- 3802 Econometrics
- 3801 Applied economics
- 14 Economics
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ICMJE
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Abdulkadiroǧlu, A., Kuruşçu, B., & Şahin, A. (2002). Unemployment insurance and the role of self-insurance. Review of Economic Dynamics, 5(3), 681–703. https://doi.org/10.1006/redy.2002.0159
Abdulkadiroǧlu, A., B. Kuruşçu, and A. Şahin. “Unemployment insurance and the role of self-insurance.” Review of Economic Dynamics 5, no. 3 (January 1, 2002): 681–703. https://doi.org/10.1006/redy.2002.0159.
Abdulkadiroǧlu A, Kuruşçu B, Şahin A. Unemployment insurance and the role of self-insurance. Review of Economic Dynamics. 2002 Jan 1;5(3):681–703.
Abdulkadiroǧlu, A., et al. “Unemployment insurance and the role of self-insurance.” Review of Economic Dynamics, vol. 5, no. 3, Jan. 2002, pp. 681–703. Scopus, doi:10.1006/redy.2002.0159.
Abdulkadiroǧlu A, Kuruşçu B, Şahin A. Unemployment insurance and the role of self-insurance. Review of Economic Dynamics. 2002 Jan 1;5(3):681–703.
Published In
Review of Economic Dynamics
DOI
ISSN
1094-2025
Publication Date
January 1, 2002
Volume
5
Issue
3
Start / End Page
681 / 703
Related Subject Headings
- Economics
- 3803 Economic theory
- 3802 Econometrics
- 3801 Applied economics
- 14 Economics