The Simple analytics of job displacement insurance

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Collection: Articles

Title: The Simple analytics of job displacement insurance / Donald O. Parsons
Physical description: 30 p.
Notes: Sumario: Job displacement is a threat to the earnings of long-tenured workers through unemployment spells and reduced reemployment wages. Although full insurance requires both unemployment benefits and wage insurance, supply difficulties limit actual-loss insurance, and separation packages include partial unemployment insurance and scheduled (fixed sum) severance pay. The design of this two-dimensional package requires a systems approach as well as a generalized replacement ratio measure of adequacy. Job search moral hazard and layoff moral hazard (firing costs) introduce serious contracting concerns. Economic theory provides a guide to the integration of these insurance instruments in this complex planning environment.
Materia / lugar / evento: Seguro de desempleo
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Other categories: 47

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