Arbeitspapier
Unemployment Accounts - A Finnish Application
We consider a reform that would replace the current Finnish unemployment insurance (UI) scheme with individual unemployment accounts. The reform would provide additional pensions for individuals who end up with a positive account balance at retirement age without restricting unemployment benefits relative to the current system. At the same time, the reform is likely to improve labour supply incentives, at least for some individuals. The question is whether such a reform would be self-financing. The fiscal effects of the reform depend crucially on the distribution of lifetime unemployment and the extent to which the reform would increase labour supply. We use a micro panel comprising a representative sample of 1/3 of the Finnish population and covering the period 1988-2010 to estimate the distribution of lifetime unemployment and to simulate how the unemployment accounts would evolve. We assume that the reform improves labour supply incentives only via the extensive margin and find that it is likely to be self-financing if the labour supply elasticity at the extensive margin is about 0.16 or higher. We also experiment with integrating UI with the pension system.
- Sprache
-
Englisch
- Erschienen in
-
Series: ETLA Working Papers ; No. 29
- Klassifikation
-
Wirtschaft
National Government Expenditures and Welfare Programs
Social Security and Public Pensions
Unemployment Insurance; Severance Pay; Plant Closings
- Thema
-
unemployment insurance
unemployment accounts
lifetime unemployment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Määttänen, Niku
Salminen, Tomi
- Ereignis
-
Veröffentlichung
- (wer)
-
The Research Institute of the Finnish Economy (ETLA)
- (wo)
-
Helsinki
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Määttänen, Niku
- Salminen, Tomi
- The Research Institute of the Finnish Economy (ETLA)
Entstanden
- 2015
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