Cost-Effectiveness of Targeted Reemployment Bonuses

Arbeitspapier

Targeting reemployment bonus offers to unemployment insurance (UI) claimants identified as most likely to exhaust benefits is estimated to reduce benefit payments. While earlier research indicated that non-targeted reemployment bonus offers would not be good public policy, in this paper we show that targeting bonus offers with profiling models similar to those in state Worker Profiling and Reemployment Services (WPRS) systems can improve their cost effectiveness. Since estimated average benefit payments do not steadily decline as the eligibility screen is gradually tightened, we find that narrow targeting is not optimal. The best candidate to emerge for a targeted reemployment bonus is a low bonus amount with a long qualification period, targeted to the half of profiled claimants most likely to exhaust their UI benefit entitlement.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Upjohn Institute Working Paper ; No. 03-51R

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Unemployment Insurance; Severance Pay; Plant Closings ; Mobility, Unemployment, and Vacancies: Public Policy ; Social Security and Public Pensions
• Thema: reemployment ; bonus ; personal ; accounts ; PRA ; unemployment ; insurance ; O'Leary ; Decker ; Wandner

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): O'Leary, Christopher J. ; Decker, Paul T. ; Wandner, Stephen A.
• Ereignis: Veröffentlichung
• (wer): W.E. Upjohn Institute for Employment Research
• (wo): Kalamazoo, MI
• (wann): 2003

Weitere Informationen

• DOI: doi:10.17848/wp03-51R
• Handle: http://hdl.handle.net/10419/172423
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ