Productivity gains from unemployment insurance:
This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher productivity jobs, and by encouraging firms to create those jobs. We use a quantitative general equilibrium model to investigate whether this effect is comparable in magnitude to the stan...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
1999
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| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
7352 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher productivity jobs, and by encouraging firms to create those jobs. We use a quantitative general equilibrium model to investigate whether this effect is comparable in magnitude to the standard moral hazard effects of unemployment insurance. Our model economy captures the behavior of the U.S. labor market for high school graduates quite well. When unemployment insurance becomes more generous starting from the current U.S. levels, there is an increase in unemployment similar in magnitude to the micro-estimates, but because the composition of jobs also changes, total output and welfare increase as well. |
| Beschreibung: | 35 S. graph. Darst. |
Internformat
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 7352 | |
| 520 | |a This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher productivity jobs, and by encouraging firms to create those jobs. We use a quantitative general equilibrium model to investigate whether this effect is comparable in magnitude to the standard moral hazard effects of unemployment insurance. Our model economy captures the behavior of the U.S. labor market for high school graduates quite well. When unemployment insurance becomes more generous starting from the current U.S. levels, there is an increase in unemployment similar in magnitude to the micro-estimates, but because the composition of jobs also changes, total output and welfare increase as well. | ||
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Labor productivity |z United States |x Econometric models | |
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| author | Acemoglu, Daron 1967- Shimer, Robert 1968- |
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| geographic | USA |
| geographic_facet | USA |
| id | DE-604.BV013167495 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:40:09Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-008970660 |
| oclc_num | 42712958 |
| open_access_boolean | 1 |
| owner | DE-19 DE-BY-UBM DE-521 |
| owner_facet | DE-19 DE-BY-UBM DE-521 |
| physical | 35 S. graph. Darst. |
| publishDate | 1999 |
| publishDateSearch | 1999 |
| publishDateSort | 1999 |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Acemoglu, Daron 1967- Verfasser (DE-588)124929575 aut Productivity gains from unemployment insurance Daron Acemoglu ; Robert Shimer Cambridge, Mass. 1999 35 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 7352 This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher productivity jobs, and by encouraging firms to create those jobs. We use a quantitative general equilibrium model to investigate whether this effect is comparable in magnitude to the standard moral hazard effects of unemployment insurance. Our model economy captures the behavior of the U.S. labor market for high school graduates quite well. When unemployment insurance becomes more generous starting from the current U.S. levels, there is an increase in unemployment similar in magnitude to the micro-estimates, but because the composition of jobs also changes, total output and welfare increase as well. Ökonometrisches Modell Labor productivity United States Econometric models Unemployment insurance United States Econometric models USA Shimer, Robert 1968- Verfasser (DE-588)129263397 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 7352 (DE-604)BV002801238 7352 http://papers.nber.org/papers/w7352.pdf kostenfrei Volltext |
| spellingShingle | Acemoglu, Daron 1967- Shimer, Robert 1968- Productivity gains from unemployment insurance National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Labor productivity United States Econometric models Unemployment insurance United States Econometric models |
| title | Productivity gains from unemployment insurance |
| title_auth | Productivity gains from unemployment insurance |
| title_exact_search | Productivity gains from unemployment insurance |
| title_full | Productivity gains from unemployment insurance Daron Acemoglu ; Robert Shimer |
| title_fullStr | Productivity gains from unemployment insurance Daron Acemoglu ; Robert Shimer |
| title_full_unstemmed | Productivity gains from unemployment insurance Daron Acemoglu ; Robert Shimer |
| title_short | Productivity gains from unemployment insurance |
| title_sort | productivity gains from unemployment insurance |
| topic | Ökonometrisches Modell Labor productivity United States Econometric models Unemployment insurance United States Econometric models |
| topic_facet | Ökonometrisches Modell Labor productivity United States Econometric models Unemployment insurance United States Econometric models USA |
| url | http://papers.nber.org/papers/w7352.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT acemogludaron productivitygainsfromunemploymentinsurance AT shimerrobert productivitygainsfromunemploymentinsurance |