Arbeitspapier
Unemployment insurance and the business cycle: prolong benefit entitlements in bad times?
The aim of this paper is to study the optimal duration of unemployment benefit entitlement duration across the business cycle. We wonder if the entitlement duration should be prolonged in bad and shortened in good times. Because of consumption smoothing, such a countercyclical policy can be welfare-enhancing as long as it does not affect labor market adjustment too severely or even helps to reduce inefficiencies there. If, however, the labor market is quite inflexible already, procyclical behavior may be preferable. In a calibrated dynamic business cycle framework, we find that countercyclical benefit entitlement duration may be preferable in the US but not in Europe.
- ISBN
-
978-3-86558-573-8
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper Series 1 ; No. 2009,30
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Financial Economics: General
Fiscal Policy
- Thema
-
Unemployment insurance
entitlement duration
business cycle
Arbeitslosenversicherung
Dauer
Konjunkturelle Arbeitslosigkeit
Arbeitsmarktflexibilisierung
Europa
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Moyen, Stéphane
Stähler, Nikolai
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsche Bundesbank
- (wo)
-
Frankfurt a. M.
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Moyen, Stéphane
- Stähler, Nikolai
- Deutsche Bundesbank
Entstanden
- 2009
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