Arbeitspapier
Incentive effects of unemployment insurance savings accounts: evidence from Chile
This study examines the determinants of job-finding rates of unemployment benefit recipients under the Chilean program. This is a unique, innovative program that combines social insurance through a solidarity fund (SF) with self-insurance in the form of unemployment insurance savings accounts (UISAs) - so as to mitigate the moral hazard problem of traditional unemployment insurance programs. Our study is the first one to empirically investigate whether UISAs improve work incentives. We find that for beneficiaries using the SF, the pattern of job finding rates over the duration of unemployment is consistent with moral hazard effects, while for beneficiaries relying on UISAs, the pattern is free of such effects. We also find that for benefit recipient not entitled to use the SF, the amount of accumulation on the UISA does not affect the exit rate from unemployment, suggesting that such individuals internalize the costs of unemployment benefits. Our results provide strong support to the idea that UISAs can improve work incentives.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 4681
- Klassifikation
-
Wirtschaft
Duration Analysis; Optimal Timing Strategies
Social Security and Public Pensions
Unemployment: Models, Duration, Incidence, and Job Search
Unemployment Insurance; Severance Pay; Plant Closings
- Thema
-
Unemployment insurance
unemployment duration
savings accounts
Arbeitslosenversicherung
Arbeitslosigkeit
Dauer
Berufliche Integration
Beschäftigungseffekt
Chile
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Reyes Hartley, Gonzalo
van Ours, Jan C.
Vodopivec, Milan
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Reyes Hartley, Gonzalo
- van Ours, Jan C.
- Vodopivec, Milan
- Institute for the Study of Labor (IZA)
Entstanden
- 2010
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