Social Insurance and Transition

Andrew Atkeson and Patrick Kehoe

No 4411, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We study the general equilibrium effects of social insurance on the transition in a model in which the process of moving workers from matches in the state sector to new matches in the private sector takes time and involves uncertainty. We find that adding social insurance may slow transition. When there are incentive problems in this rematching process, the optimal social insurance scheme may involve forced layoffs and involuntary unemployment.

Date: 1993-07
Note: EFG
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Citations: View citations in EconPapers (3)

Published as International Economic Review. May 1996, vol. 37, no. 2.

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Related works:
Journal Article: Social Insurance and Transition (1996)
Working Paper: Social insurance and transition (1995)
Working Paper: Social insurance and transition (1995)
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