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Part-Time Unemployment and Optimal Unemployment Insurance
job search part-time unemployment unemployment insurance
2012/11/1
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 develop...
There are three main conclusions. First, insurance considerations suggest that the potential duration of UI benefits would be unlimited under an optimal program. Hence, existing UI programs in the U.S...
An Adverse Selection Model of Optimal Unemployment Insurance
unemployment insurance adverse selection moral hazard
2013/10/25
We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face different search costs and have private information about their type. We derive a recu...
Optimal Unemployment Insurance with Monitoring and Sanctions
Unemployment insurance search sanctions
2013/10/18
This paper analyzes the design of optimal unemployment insurance in a search equilibrium framework where search effort among the unemployed is not perfectly observable. We examine to what extent the o...