Arbeitspapier

Part-time unemployment and optimal unemployment insurance

A significant fraction of the labor force consists of employed workers who are part-time unemployed (underemployed) in the sense that they are unable to work as much as they prefer. This paper develops a search and matching model to study the design of optimal unemployment insurance in an economy with unemployment as well as part-time unemployment. Part-time unemployment provides income insurance and serves as a stepping stone to full-time jobs. Unemployment benefits for part-timers increase the outflow from unemployment to part-time work but reduce the outflow from part-time work to fulltime employment. We examine the optimal structure of benefits for unemployed and underemployed workers. The results indicate nonnegligible welfare gains associated with time limits for unemployment benefits as well as for part-time benefits. The welfare gains from optimal UI are larger when wages are fixed than when they are flexible.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 2011:4

Klassifikation
Wirtschaft
Unemployment: Models, Duration, Incidence, and Job Search
Unemployment Insurance; Severance Pay; Plant Closings
Thema
job search
part-time unemployment
unemployment insurance
Teilzeitarbeit
Arbeitslosigkeit
Unterbeschäftigung
Arbeitslosenversicherung
Arbeitsplatzsuchmodell
Wohlfahrtsanalyse
Theorie

Ereignis
Geistige Schöpfung
(wer)
Ek, Susanne
Holmlund, Bertil
Ereignis
Veröffentlichung
(wer)
Uppsala University, Department of Economics
(wo)
Uppsala
(wann)
2011

Handle
URN
urn:nbn:se:uu:diva-148458
Letzte Aktualisierung
20.09.2024, 08:21 MESZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Ek, Susanne
  • Holmlund, Bertil
  • Uppsala University, Department of Economics

Entstanden

  • 2011

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