Unemployment Insurance and Short-Time Compensation: The Effects on Layoffs, Hours per Worker, and Wages

摘要: We analyze two unemployment insurance systems. In one, unemployed workers receive benefits while those on reduced hours do not, as in North America (at least until recently). the other, short-time compensation is paid to hours, Europe. The first system causes inefficient temporary layoffs for some parameters; latter does but implies per worker. Some evidence presented regarding these effects. Despite policymakers' recent enthusiasm compensation, clear implication of this project that changes should come tax, not benefit, side system.