On the design of a european unemployment insurance system
Mostra el registre complet Registre parcial de l'ítem
- dc.contributor.author Ábrahám, Árpád
- dc.contributor.author Brogueira de Sousa, João
- dc.contributor.author Marimon, Ramon
- dc.contributor.author Mayr, Lukas
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2024-11-14T10:09:51Z
- dc.date.available 2024-11-14T10:09:51Z
- dc.date.issued 2022-03-01
- dc.date.modified 2024-11-14T10:08:30Z
- dc.description.abstract We study the welfare effects of both existing and counter-factual European unemployment insurance policies using a rich multi-country dynamic general equilibrium model with labour market frictions. The model successfully replicates several salient features of European labor markets, in particular the cross-country differences in the flows between employment, unemployment and inactivity. We find that mechanisms like the recently introduced European instrument for temporary support to mitigate unemployment risks in an emergency (SURE), which allows national governments to borrow at low interest rates to cover expenditures on unemployment benefits, yield sizable welfare gains, contradicting the conventional classical view that costs of business cycles are small. Furthermore, we find that a harmonized benefit system that features a one-time payment of around three quarters of income upon separation is welfare improving in all Eurozone countries relative to the status quo.
- dc.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1826
- dc.identifier.citation
- dc.identifier.uri http://hdl.handle.net/10230/68621
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1826
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword labour markets
- dc.subject.keyword unemployment insurance
- dc.subject.keyword job creation
- dc.subject.keyword job destruction
- dc.subject.keyword risk-sharing
- dc.subject.keyword economic monetary union
- dc.subject.keyword Macroeconomics and International Economics
- dc.title On the design of a european unemployment insurance system
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper