La générosité de l'assurance chômage doit-elle dépendre du degré de spéci ficité du capital humain ?

Ophélie Cerdan ()
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Ophélie Cerdan: GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper examines the impact of worker heterogeneity regarding the nature of human capital on optimal Unemployment Insurance (UI). UI generosity should positively depend on the proportion of human capital that is purely general in Becker's sense. First, I provide various proxies for the proportion of human capital that is purely general, and I confront them to the OECD index of UI generosity. Second I turn to a search model with heterogenous workers and I examine optimal UI under various informational and managing constraints. In the cross-section of country, contrary to the intuition, my proxies are either uncorrelated or negatively correlated with UI generosity. The matching model shows that the share of general human capital on the labor force may lead to decrease or increase the mean replacement rate of optimal UI, depending on the selected scenario for UI management.

Keywords: Moral hazard; Optimal unemployment insurance; General and speci c human capital; Heterogeneity; Risque moral; Assurance optimale; Capital humain spéci que; Hétérogénéité (search for similar items in EconPapers)
Date: 2010-06-08
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00490219
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