Productivity gains from unemployment insurance
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Productivity gains from unemployment insurance

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Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

Subjects:

  • Labor productivity -- United States -- Econometric models.,
  • Insurance, Unemployment -- United States -- Econometric models.

Book details:

Edition Notes

StatementDaron Acemoglu, Robert Shimer.
SeriesNBER working paper series -- no. 7352, Working paper series (National Bureau of Economic Research) -- working paper no. 7352.
ContributionsShimer, Robert, 1968-, National Bureau of Economic Research.
Classifications
LC ClassificationsHB1 .W654 no. 7352, HC110.L3 .W654 no. 7352
The Physical Object
Pagination35 p. :
Number of Pages35
ID Numbers
Open LibraryOL22394139M

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HBM m workingpaper department ofeconomics ProductivityGainsfrom UnemploymentInsurance* DaronAcemoglu RobertShimer October massachusetts instituteof technology 50memorialdrive Cambridge,mass Productivity Gains From Unemployment Insurance Daron Acemoglu Department of Economics M.I.T. Robert Shimery Department of Economics Princeton November Abstract This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher productivity jobs, and by encouraging rms to create those jobs. Productivity Gains from Unemployment Insurance Daron Acemoglu, Robert Shimer. NBER Working Paper No. Issued in September NBER Program(s):Labor Studies, Public Economics, Economic Fluctuations and Growth This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher productivity jobs, and by encouraging firms to . Productivity Gains From Unemployment Insurance Daron Acemoglu Department of Economics M.I.T. Robert Shimer Department of Economics Princeton September Abstract This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher productivity jobs, and by encouraging rms to create those jobs.

Productivity gains from unemployment insurance. Daron Acemoglu and Robert Shimer () European Economic Review, , vol. 44, issue 7, Date: References: View references in EconPapers View complete reference list from CitEc Citations: View citations in EconPapers () Track citations by RSS feed. Downloads: (external link).   Costain (), Valdivia (), and Gomes et al. () examine labor market behavior in a quantitative general equilibrium framework, but do not look at the productivity gains from unemployment insurance. Modest productivity gains in State Unemployment Insurance Service Productivity gains averaged percent per year over the period; however, year-to-year changes fluctuated widely, reacting to the level of unemployment Productivity, as measured by output per employee, in the State-operated Unemployment Insurance Service in-.   The negative effect on productivity acts as a “moral hazard” effect. It occurs because the benefit acts as a subsidy to search. Increasing benefits increases the value of unemployment, reducing the gain from moving to higher productivity sectors. Agents require larger idiosyncratic shocks to be willing to move sectors.

  At other times with unemployment spikes, like and , productivity growth appears to be more in line with unemployment peaks. In these cases, stimulus measures likely had a more immediate. Downloadable! 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.   Unemployment claims against your employer account occur when: You downsize your company and lay off employees. Unemployment insurance is designed to pay benefits to workers who are laid off. You terminate an employee for valid reasons, but the employee is able to collect unemployment insurance. This occurs when the worker files a claim, and the. 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. ∗This paper is prepared for the International Seminar on Macroeconomics