Arbeitspapier
Should UI Benefits Really Fall over Time?
The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in an analytically tractable model allowing moral hazard, adverse selection and hidden savings. Analytical results show that when the search productivity of unemployed is constant over the unemployment spell, benefits should typically increase or be constant. The only exception is when there is moral hazard and no hidden savings. In general, adverse selection problems calls for increasing benefits, moral hazard problems for constant benefits and decreasing search productivity for decreasing benefits.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 804
- Classification
-
Wirtschaft
- Subject
-
unemployment benefits
search
moral hazard
adverse selection
- Event
-
Geistige Schöpfung
- (who)
-
Hassler, John
Mora, José V. Rodriguez
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2002
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hassler, John
- Mora, José V. Rodriguez
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2002
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