Optimal unemployment insurance in GE: A robust calibration approach

Marco Cozzi

Economics Letters, 2012, vol. 117, issue 1, 28-31

Abstract: A simple Monte Carlo calibration approach is implemented in a GE model with uninsurable employment risk to quantitatively study the optimal replacement rate of a public unemployment insurance (UI) scheme. The optimal UI sampling distribution is found to be bimodal.

Keywords: Calibration methods; Unemployment risk; Optimal unemployment insurance; Heterogeneous agents; Incomplete markets (search for similar items in EconPapers)
JEL-codes: C15 D52 D58 E21 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Working Paper: Optimal Unemployment Insurance In Ge: A Robustcalibration Approach (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:1:p:28-31

DOI: 10.1016/j.econlet.2012.04.066

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