Arbeitspapier
Unemployment accounts and employment incentives
We explore the far-reaching implications of replacing current unemployment benefit (UB)systems by an unemployment accounts (UA) system. Under the UA system, employed people are required to make ongoing contributions to their UAs and the balances in these accounts are available to them during periods of unemployment. The government is able to undertake balanced-budget interpersonal redistributions among the UAs. At the end of their working lives, people could transfer the remaining balances on their UAs into their pensions. We present an analytical framework to analyse the incentive effects of UAs and calibrate our model for the high unemployment countries of Europe. Our results suggest that this policy reform would significantly change people?s employment incentives and could achieve reductions in unemployment without reducing the level of support to the unemployed.
- Language
-
Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 2105
- Classification
-
Wirtschaft
Mobility, Unemployment, and Vacancies: Public Policy
Wages, Compensation, and Labor Costs: Public Policy
Unemployment: Models, Duration, Incidence, and Job Search
Unemployment Insurance; Severance Pay; Plant Closings
Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
Time Allocation and Labor Supply
Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
- Subject
-
Unemployment accounts
Redistribution
Employment
Unemployment
Unemployment benefits
- Event
-
Geistige Schöpfung
- (who)
-
Brown, Alessio J. G.
Orszag, Jonathan Michael
Snower, Dennis J.
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2006
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Brown, Alessio J. G.
- Orszag, Jonathan Michael
- Snower, Dennis J.
- Institute for the Study of Labor (IZA)
Time of origin
- 2006
Other Objects (12)
Unemployment accounts and employment incentives
Unemployment accounts and employment incentives
Creating employment incentives
From unemployment benefits to unemployment accounts
Creating employment incentives
Converting unemployment benefits into employment subsidies
Reducing unemployment through fundamental labour market reform
Unemployment accounts and employment incentives
Unemployment accounts and employment incentives
From unemployment benefits to unemployment support
Unemployment persistence and the unemployment-productivity relation
Unemployment invariance
Unemployment accounts and employment incentives
Unemployment accounts and employment incentives
Creating employment incentives
From unemployment benefits to unemployment accounts
Creating employment incentives
Converting unemployment benefits into employment subsidies
Reducing unemployment through fundamental labour market reform
Unemployment accounts and employment incentives
Unemployment accounts and employment incentives
From unemployment benefits to unemployment support
Unemployment persistence and the unemployment-productivity relation
Unemployment invariance
Unemployment accounts and employment incentives
Unemployment accounts and employment incentives
Creating employment incentives
From unemployment benefits to unemployment accounts
Creating employment incentives
Converting unemployment benefits into employment subsidies
Reducing unemployment through fundamental labour market reform
Unemployment accounts and employment incentives
Unemployment accounts and employment incentives
From unemployment benefits to unemployment support
Unemployment persistence and the unemployment-productivity relation