Optimal unemployment insurance: a guide to the literature

Edi Karni

No 20121, Social Protection Discussion Papers and Notes from The World Bank

Abstract: Unemployment insurance has been the subject of numerous theoretical and empirical studies. These studies elucidate the benefits and the cost of unemployment insurance, namely, the improved allocation of risk bearing and the reduced incentives for work. In the past two decades a branch of the literature has emerged that deals with the optimal design of unemployment insurance. This literature has been influenced by ideas and methods from the field of information economics and theories from the field of labor economics. The result is a collection of models designed to highlight a variety of issues pertaining to the provision of optimal unemployment insurance. This report reviews these issues, summarizes the relevant literature, assesses its accomplishments, and points out problems that require further study.

Keywords: Economic Theory&Research; Environmental Economics&Policies; Health Monitoring&Evaluation; Health Economics&Finance; Banks&Banking Reform (search for similar items in EconPapers)
Date: 1999-01-31
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Citations: View citations in EconPapers (5)

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